SEB Asset Management has become the second major fund manager in Germany to halt redemptions from its flagship open-ended real estate fund. The firm said it was necessary to suspend the redemption of units from SEB ImmoInvest for three months 'in the interests of treating all investors equally and of protecting investors' assets'.
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.
