Fonciere Inea has purchased an office development in Saint-Etienne, central-eastern France, for EUR 26 mln. The project will include some 13,654 m[sup]2[/sup] of offices and 260 parking spaces. The transaction value reflects a net yield of 7.5%.
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.
