Hammerson, the real estate investment trust (REIT) focusing on the UK and France, has agreed the final payment terms for the acquisition of the long leasehold interest in Bishops Square from the City of London Corporation. Hammerson entered into a joint venture with the Corporation to develop the scheme in 2002, with the final payment to be made following completion of the building and the determination of all costs.
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.
