UK property investor Sponda said on Thursday it had cut its stake in Finnish property manager Ovenia to 45% from 70%. Sponda said it sold its shares to Ilmarinen's Suomi-rahasto I Ky private equity fund, which is managed by OKO Venture Capital, and to members of Ovenia's management. No financial details were disclosed.
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.
