Citigroup rebuilds for European property revival

US bank relaunches dedicated real estate investment banking group in Europe after an increase in activity in the sector

Citigroup is relaunching a dedicated real estate investment banking group in Europe – a team that has been pared back in recent years – after an increase in activity in the sector.

The US bank has named Giovanni Gregoratti and Julian Allen to co-lead the relaunched real estate and lodging group in Europe, the Middle East and Africa, according to a memo seen by Financial News. A spokesman confirmed the contents of the memo.

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