Munich-based fund manager Real IS has established two new subsidiaries - one in Paris, France and the other in Sydney, Australia - following the strong growth of its portfolios in these two countries, CEO Jochen Schenk told PropertyEU. In France, Real IS now has assets under management totalling EUR 550 mln while in Australia the portfolio is as much as A$1.5 bn (EUR 1.2 bn).
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
