German bank HSH's real estate unit is teaming up with German property company TAG to form an asset management company focusing on German commercial property. The two groups, which signed the JV agreement on Monday, said that they will each hold a 50% stake in the new company, which will be headquartered in Hamburg.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
