IPD said its Italian Property Index showed a total return of 9.2% for 2007, an increase of 8.0% compared to the previous year and the second-highest rise in the history of the index. Property far outperformed the bond and equities markets in 2007, which returned 2.0% and -4.7% respectively.
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.
