Two funds managed by international property group Grosvenor have joined the Association of Real Estate Funds (AREF) in the UK. AREF is the representative body for UK unlisted commercial real estate funds. The addition of the Grosvenor Shopping Centre and the Grosvenor London Office funds lifts AREF's membership to 68 funds, representing £35 bn (EUR 45 bn) of net asset value (NAV).
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.
