Nationalised German real estate financier Hypo Real Estate has been granted a further EUR 40 bn in state guarantees to enable it to avoid any 'liquidity shortfalls'. The total maximum of the temporary guarantee facility provided to HRE, which operates Deutsche Pfandbriefbank, now amounts to up to EUR 142 bn.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
