The Catella European Residential Fund III (CER III) has acquired an 'energy-positive' residential tower in Saint-Étienne, France, marking the first deal in a planned €2 bn investment programme of 100 green apartment blocks.
German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.
