German property giant Patrizia has sold a portfolio of 22 non-core residential properties on behalf of a German residential strategy as it looks to refocus the fund’s portfolio towards larger, more sustainable properties in locations that are more affordable or that are underpinned by significant future growth potential.
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.
