Irish investor Derek Quinlan and Propinvest, a London-based private investment company, have completed the acquisition of the European headquarters of Citigroup Bank in London from Royal Bank of Scotland for £1 bn (about EUR 1.4 bn). The trophy asset will be leased back to Citigroup for 25 years.
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.
