Italian real estate investor Danilo Coppola was arrested on Thursday for suspected money laundering and embezzlement in relation to a bankruptcy case. Coppola is the chairman and ceo of the Italian listed real estate company IPI. Trading in the company's shares was suspended. IPI stated it wasn't aware of the alleged crimes.
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.
