German property investment fund KanAm grundinvest Fonds has acquired the Espace Petrusse development located in the central business district of the City of Luxembourg for EUR 109 mln. Once completed, the development will be the future headquarter of the world's largest steel company Arcelor Mittal on a 10-year leasing contract.
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.
