Hypo Real Estate Group announced a raft of appointments and resignations on Monday which conclude the re-organisation of its management structure. The restructuring began in October last year when the troubled property financier was saved from collapse by a EUR 50 bn public-private bailout. Germany's bank rescue fund SoFFin has also extended billions of euros worth of guarantees to Hypo.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
