Tel-Aviv listed Gazit-Globe is planning to spend $260 mln to develop shopping centres in Bulgaria. The company told news agency Reuters it will build between 15 and 20 malls over the next five years in the country. Property acquisition and construction will be managed by the company's unit Gazit Globe Israel.
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.
