German property giant IVG has readily available liquidity and unused credit lines of over EUR 1.3 bn, company directors Wolfhard Leichnitz and Bernd Kottmann informed shareholders in a letter last week, according to trade journal Immobilien Zeitung. The two executives are also counting on proceeds of over EUR 1 bn from IVG’s listing as a real estate investment trust (REIT) this year.
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.
