Madrid-based property company Reyal-Urbis has reached a deal with 51 banks to refinance its EUR 3 bn mountain of debt. In a statement on Monday to the Spanish stock market regulator, the debt-laden property firm said it has obtained two new credit lines which will allow the group to have the 'necessary liquidity for its operative management'.
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.
