Munich-based asset manager Meag has signed a deal with Codic Belgium for the acquisition of all the shares in special purpose company that owns the Zenith-Tower development in Brussels, Belgium. The Zenith-Tower was purchased for the institutional office fund Meag Euro Pro. The price was not disclosed, but Meag said the yield for the fund was 8.7 % in the fiscal year 2006.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
