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Edf Partners with a Real Estate Manager in a Eur 600 Million Joint Venture
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The French energy company intervenes through its EDF Invest branch to abound a residential real estate strategy in Europe.
The joint venture has an initial portfolio of 220 million euros in multi-family assets located in Spain, Germany, the Netherlands and Sweden.
Savills Investment Management has entered into a partnership with EDF Invest, an investment company belonging to the electricity supplier Électricité de France. The joint venture's common objective is to acquire and manage a 600-million-euro portfolio of multi-family houses and student residences across Europe.
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