Privately owned UK property group Grosvenor and Spanish lender Santander said they have carried out the first property derivative transaction in Spain. The total return swap has a maturity of two years and was based on Investment Property Databank's (IPD) main Spanish property index. Other details of the transaction, including the size of the deal, were not released.
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.
