Cologne-based Colonia Real Estate has rejected the voluntary public takeover offer tabled last year by Hamburg-based Tag Immobilien. The management and supervisory boards of Colonia described the EUR 5.55 per share offer as inadequate and said they could not recommend it to shareholders.
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.
