Brief: Fonciere des Regions sets up investment partnership

Covivio Hotels SCA

15/12/2014 07:39

Dec 15 (Reuters) - Fonciere Des Regions SA  FDR.PA : 
    * Subsidiary Fonciere des Murs  FERP.PA  sets up FDM 
Management investment partnership 
    * FDM Management is an investment partnership to acquire 
hotels run by major  operators in the sector 
    * FDM Management to incluide Foncière des Murs, ACM Vie SA 
and BNP Paribas Cardif  BNPP.PA  
    * New effort to raise equity capital is in progress with 
other institutional investors to investment capacity of at least 
300 million euros in 2015 
    * FDM Management in exclusive negotiations for 9 hotels in 
Germany worth 49 million euros 
    * FDM Management is also acquiring Pullman hotel from 
Eiffage at the Roissypole site representing 55 million euros 
investment 
    * Pullman hotel delivery is planned for second half of 2015 
 
Source text: http://bit.ly/1zdPG9P 
Further company coverage:  FDR.PA  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)) 
 
Keywords: FONCIERE DES REG/BRIEF