Luxembourg-based Orco Property Group intends to raise EUR 150 mln from the private placing of 1.3 million shares with institutional investors at EUR 115 per share to help fund the expansion of portfolio in the central European real estate sector. The net proceeds are expected to come to EUR 142 mln, excluding the over-allotment option of 197,000 shares.
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.
