Austrian investor Immofinanz and its 54%-controlled unit Immoeast said on Friday that they are taking 'comprehensive measures' to secure liquidity and reduce costs in an attempt to reassure investors and stabilise their share price. Immoeast and Immofinanz stocks suffered heavy losses on Thursday, closing at an historical low of EUR 1.86 and EUR 2.75 respectively, down by 34% and 28% on opening levels.
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.
