Soffin, the German financial market stabilisation fund, will hold 90% of Hypo Real Estate (HRE) following a EUR 2.96 bn capital increase which was approved by a majority of HRE shareholders on Wednesday. The capital raising exercise clears the way for a complete takeover of the ailing property financier, Soffin said in a press release.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
