HSH N Real Estate has sold a portfolio of apartments in the eastern German city of Dresden to a joint venture between Morgan Stanley Real Estate Funds (MSREF) and Arsago Real Estate for EUR 71.2 mln. The portfolio comprises a total of 1,887 residential units with a total lettable area of around 113,000 m[sup]2[/sup].
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.
