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IVG deal marks start of fund consolidation in CEE

Posted on 07 December 2010

From Propertyeu.info: Industry watchers expect to see more consolidation of property investment funds in Austria and the rest of Central and Eastern Europe following IVG Immobilien’s takeover of Vienna-based Hypo Real Invest earlier this week for an undisclosed sum.
According to Christian Ulbrich, CEO of the EMEA region at JLL, the takeover is ‘a great move’. “CEE is showing tremendous opportunities for real estate investors and IVG is strengthening their profile as well as their offer with the purchase of that fund……………………………………….Full Article: Source

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