Scottish Widows Investment Partnership (SWIP) has acquired two office properties in Germany and the Netherlands for EUR 60mln. The asset management arm of Lloyds TSB bought the Red Square property in Neu-Isenburg close to Frankfurt Airport for EUR 45.3mln. The 19,000 m[sup]2[/sup] of Grade-A office space is spread across three buildings.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
