Banks and investors should write down some EUR 7 bn on their Dutch office assets to return the sector to health, according to a public-private taskforce set up to tackle the high office vacancy levels which now stand at almost 15% nationwide. The group, comprising investors, developers and local government authorities, warns that the Netherlands risks 'major social damage' if action is not taken.
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.
