Austrian development company Meinl EL is to develop a 71,000 m[sup]2[/sup] multifunctional centre in Gdansk in a joint venture with Danish-based TK Development. The project will involve a total investment of EUR 100 mln and will be entirely financed by the Austrian group. TK Development will receive a fee for its development services and a share of the development profit.
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.
