Allianz Real Estate has acquired a 25% stake in the 1301 Avenue of the Americas office building in New York City. The investment volume amounts to $110mln (EUR76 mln). Allianz acquired the stake in this 45-storey building through a partnership with Paramount Group, New York's leading international real estate investment and management firm.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
