Grupo Ferrovial has begun talks with several parties interested in buying its real estate subsidiary, Spanish newspaper Cinco Dias reported, citing unnamed sources close to the discussions. Family-owned property company Lubasa has previously expressed interest and is believed to be in pole position to buy the subsidiary, the paper said.
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.
