Listed French commercial real estate company Mercialys has reported an increase of 16.6% in rental revenue in its first quarter figures compared to same period in 2007. The company said rental revenues grew to EUR 28.1mln at the end-March 2008. First quarter invoiced rents were also up 16.6% compared with a year earlier, invoiced rents rose from EUR 23mln in 2007 to EUR 28mln in 2008.
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.
