Property investment manager Cordea Savills has had a first close of its Prime London Residential Development Fund following the commitment by a global private bank to provide £25 mln (EUR 31 mln) of initial equity. Further closings of the fund are scheduled over the next 12 months, with a second close planned for August with an Asian private bank, the company said.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
