Netherlands-based Bouwfonds Property Development has reached agreement with Dutch engineering firm Grontmij on the acquisition of German housing developer Kontrola. The takeover sum was not disclosed. The deal also includes the acquisition of 49% of the shares in the OolderVeste area development by Bouwfonds subsidiary Nouville Ontwikkeling.
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.
