Austrian real estate group Immofinanz is selling its Austrian property arm, ImmoAustria Immobilien Anlagen, to its Central and Eastern European subsidiary, Immoeast, for EUR 1.46bn. The deal is primarily designed to repay the EUR 1.7 bn inter-company loan from Immoeast to the rest of the Immofinanz group.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
