CBRE Investment Management, an asset manager, completed the acquisition of 1.3k German apartment portfolio of Vonovia, a real estate firm, for €560m. “A sale of this size to a well-known company like CBRE Investment Management underpins the value of our portfolio - after the joint venture partnership, the second success in a short time. With more than €1.5bn, we almost reached our sales target for this year. We also see our negotiation results as a positive signal for the entire industry: After a difficult first quarter of 2023 with very little movement, the market is opening cautiously. Buyers and sellers can come to an agreement again. That is cause for confidence," Rolf Buch, Vonovia CEO.