CDC Investissement Immobilier and Covivio announce the signing of a strategic partnership in Germany on a predominantly residential portfolio in the centre of Berlin. The partnership provides for the acquisition by CDC Investissement Immobilier, on behalf of Caisse des Dépôts, of a 49% stake in a portfolio (39% from Covivio Immobilien, a subsidiary owned by Covivio at 61.7%, and 10% from Covivio).
The portfolio, which is representative of Covivio's Berlin residential portfolio, comprises 8 assets located in several of Berlin's most attractive districts (Charlottenburg, Halensee, Schöneberg, Mitte, Prenzlauer Berg, Friedrichshain, Lichtenberg and Steglitz). The portfolio totals around 70,000 sqm, including 770 flats, 15,800 sqm of commercial space and a 274-space public car park.
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