Hotel investment in Germany plunged to EUR 207 mln in the first six months of this year compared to EUR 600 mln in the year-earlier period, according to research from Colliers International. However, investment volume picked up in the second quarter compared to the first three months, rising to EUR 122.6 mln, the adviser said.
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.
