Germany's largest listed property company IVG has acquired a six-storey office building in the English city of Birmingham from Bank of Ireland Private Banking for £30.5 mln (EUR 38 mln). The price reflects a net initial yield of about 6.4%.
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.
