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Next Issue Monday
13 September 2010
Featured Events
- CoreNet Global Summit
27-29 September 2010
London, UK
- Commercial Real Estate Finance Council Europe
25-26 October
London, UK
- MAPIC 2010
17-18-19 November 2010
Cannes, France
Private Mann group buys Oppenheim's 18% in IVG
The privately-held Karsruhe property investor Mann has bought out the 18.4% package of shares in listed real estate firm IVG from Oppenheim family interests - a move that follows the takeover of Sal. Oppenheim bank by Deutsche Bank. Price for the package is subject to a confidentiality agreement. The secretive Mann group, which in the 1990s exited the Germany-wide Mann Mobilia furniture group - and subsequently the Wertkauf chain to WalMart - owns properties across the world with a focus on the US (Texas, New York) and Germany. (See upcoming PIE Editions for full story)