Erste Bank Group's real estate division Sparkassen Immobilien, and Germany's ECE Projektmanagement are developing a EUR 180 mln commercial and business center in Sofia, newspaper Dvevnik reported. Erste bank is also planning to invest up to EUR 500 mln in Bulgarian retail, office and residential developments through 2010.
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.
