ING Real Estate Investment has signed an agreement with the privately-owned real estate company Hines for the purchase of an office development located at 66-70 Avenue Charles de Gaulle/4 rue Louis-Philippe in Paris. The building will provide some 4,500 m[sup]2[/sup] of office space on six floors and two basement levels with 50 parking spaces. The financial details of this transaction have not been disclosed.
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.
