German fund manager Degi, a unit of Aberdeen Property Investors, is upping its exposure to Eastern Europe with its EUR 400 mln investment in a business park in Prague. Earlier this month, Degi acquired a portfolio of seven properties in The Park complex from Signa Property Funds, the fund management arm of Austrian real estate group Signa Holding, for EUR 235 mln.
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.
