Germany's largest property company IVG Immobilien has received a EUR 455 mln long-term financing facility from a bank consortium led by Commerzbank for the purchase of a portfolio of 30 caverns still under construction. The acquisition is earmarked for the IVG Caverns fund, which was launched in 2008 with EUR 910 mln of equity commitments from institutional investors.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
