German property company IVG Immobilien is to start selectively selling properties in a bid to increase its scope for action. The company is also in talks with its banks on extending some EUR 900 mln worth of credit lines which are due to expire in 2009, IVG said in a statement announcing its preliminary financial results for 2008.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
