German contruction company Hochtief has sold two development projects to SEB Immobilien-Investment for about EUR 50 mln. The properties are earmarked for SEB's public fund ImmoInvest. They are the Galilei3 office development in Mannheim and the Z-UP property in Stuttgart. The final purchase price will depend on the letting conditions agreed at the time of delivery.
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.
