Vornado, the second-largest real estate investment trust (REIT) in the US, has offered to pay the cash portion of its $23.2 bn (EUR 17.9 bn) bid for its larger peer Equity Office Property (EOP) up front after EOP's board decided to continue to back the takeover bid by private equity group Blackstone. The takeover bid is being touted as the largest ever property deal worldwide.
International developer and asset holder Trei Real Estate has concluded 2024 with the opening of its 41st Vendo Park in Poland.
