CITY Developments Limited (CDL) has paid S$77.7 million to acquire a 12.4 per cent stake in IREIT Global and half of the European property trust's manager.

CITY Developments Limited (CDL) has paid S$77.7 million to acquire a 12.4 per cent stake in IREIT Global and half of the European property trust's manager.

NOT one to shy away from adversity, real estate veteran Aymeric Thibord views setbacks and obstacles as opportunities for creativity and growth.