Cordea Savills, acting on behalf of Italian-domiciled property fund Europa Immobiliare No.1, has completed its first acquisition in the Netherlands by buying the office headquarters of USG People in Almere, for EUR 39 mln. Following the transaction, the fund's geographic reach extends to the UK, Germany, Italy, the Netherlands and Sweden with a gross asset value of about EUR 400 mln.
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.
