Dutch pension fund PGGM has committed itself to vote in favour of the merger between French property company Unibail and Rotterdam-based Rodamco Europe. PGGM is the largest shareholder in Rodamco with about 25% of the shares. It has agreed to tender the shares into the intended exchange offer.
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.
