Kenmore European Industrial Fund (KEIF) has sold two Norwegian properties to Close Euro PIP for NOK 118.7 mln (EUR 14.8 mln). The transaction reflects a net initial yield of 6.7% and was done at a price above the last valuation of 30 September 2007. The properties consist of a 9,750 m[sup]2[/sup] industrial unit in Stokke and a 7,992 m[sup]2[/sup] industrial unit in Sarpsborg.
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.
