VTB Group's investment arm VTB Capital and Deutsche Bank's commercial property unit have joined forces to launch a EUR 300 mln fund to invest in Russian real estate opportunities. The business partners have announced the first closing of VTBC-DB Real Estate Partners I, a co-sponsored private equity vehicle which will focus on investment in prime real estate in Moscow, St. Petersburg, and other major Russian cities.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
