German property fund manager KanAm has purchased an office building in the Paris region from French real estate company Gecina for EUR 133.5 mln. Located in Poissy commune, about 24km from the centre of Paris, the property comprises 48,396 m[sup]2[/sup] of space and is fully leased to automobile group PSA. The property was completed in 2002.
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.
