German capital investment company Union Investment Real Estate has sold London's highest proposed development - the Bishopsgate tower - to the Pinnacle Ltd, an offshore investment vehicle sponsored by Arab Investments. The financial details of this transaction have been kept confidential by the two companies but some media outlets suggested the price paid was around £200 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
