Principal Real Estate Europe’s European Office Fund (PEOF), and Cepac Foncière have jointly acquired the Astrolabe office building in Marseille through their new OPPCI OP-SUD from Covivio and Predica. Financial details were not disclosed.
Big pension funds, insurers and major asset managers intensified their investment activity in the week before Expo, with well over €2 bn of real estate changing hands.
