Capital & Regional has said that its X-Leisure fund has exchanged contracts unconditionally to sell Star City in Birmingham to REIT Asset Management for £85.5 mln (about EUR 127 mln). Completion of the transaction is set for January 18, 2007.
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.
