German investor and asset manager Union Investment said on Friday that is combining its Asset Management Overseas and Asset Management Hospitality units, which operate in global markets. The newly created Asset Management Intercontinental unit covers the office, hotel, logistics and retail use types on a total of four continents.
Empira Group, the €9bn AUM Swiss-based real estate investment company, has raised over $120 mln so far towards a $600 mln (€558 mln) fund target for a US vehicle.
