Milan-based real estate company Aedes Immobiliare is said to be close to sealing a deal with its banks to refinance its EUR 400 mln mountain of debt. According to Italian newspaper Il Sole 24 Ore, the success of the refinancing transaction is conditional on the Italian property fund manager raising EUR 200 mln of new equity.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
