German investor Commerz Real has acquired an office building in Paris for its CGS Immo-Spezial institutional fund for EUR 14.5 mln. Built in 1876 and refurbished in 2003, the property is located on Avenue Kleber in the prestigious 16th arrondissement and was sold by European Property, a fund managed by Aviva Investors.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
