Commerz Real, the German property asset manager, has purchased the Choongmuro Tower in the South Korean capital Seoul for its open-end real estate fund Hausinvest Global. The purchase from Movie ABS, a subsidiary of Merrill Lynch, was the first by Commerz real in South Korea. The financial details were not disclosed.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
