UK property company MWB Group said it is postponing the sale of its hotel, retail and office units because of the 'current economic climate'. The group said the credit crunch makes the disposal 'less likely to be achieved at prices reflecting the current financial success and strong brand values'. It added that the deadline for the sale has been extended by two years to December 2010.
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.
