German developer Hochtief has sold the urban development project in Kelkheim near Frankfurt to Victoria Properties of Copenhagen for around EUR 47mln. Some 90% of the 17,500 m[sup]2[/sup] total space has already been let and lease contracts for the remaining area are currently at the final negotiation stage, the companies said in a joint press release.
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.
