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- April 1, 2012: Vol. 6, Number 4

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Cordea Savills Buys IPAM

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Cordea Savills has acquired International Property Asset Management GmbH (IPAM), a German real estate asset management company, increasing Cordea Savills’ existing German business to approximately €1 billion in assets under management. Terms of the transaction were not disclosed. In a statement, Cordea Savills pointed to the decentralised nature of the German market and said the rationale for the transaction was to create a Germany-wide investment and asset management platform.

 

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