The German government has taken a 8.7% stake in Hypo Real Estate as an initial step in the process of acquiring full control of the troubled property financier. The government, through the bank stabilisation fund, Soffin, is acquiring 20 million new shares at the minimum price prescribed by law of EUR 3 per share, to the exclusion of shareholders' pre-emptive rights.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
