| Italy's property fund management industry has embarked on a fresh wave of consolidation as it struggles to survive amid reduced investment and fund-raising activity.
In late April, Italian investment and fund manager Castello acquired RREEF's Italian property fund business, RREEF Fondimmobiliari, adding nearly EUR 500 mln to its assets under management. The takeover was an opportunistic move at a time when Deutsche Bank is seeking a sale of its entire asset management arm, RREEF...............................................Full Article: Source
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