CIC to Exit German Apartment Portfolio Investment
Posted on 02/13/2019
The China Investment Corporation (CIC), through a separate account handled by Morgan Stanley Real Estate Investing (MSREF), agreed to sell a portfolio of 10,000 German apartments for approximately €2 billion. MSREF owns the properties through a holding vehicle called BGP. The buyer is German fund manager Union Investment, which plans to acquire BGP and merge […]
