TMW Pramerica has acquired the Tour Gallieni project near Paris for its TMW Immobilien Weltfonds for about € 100 mln. The development, located in the town of Bagnolet, about seven km northwest of Paris, will provide a total 26,000 m[sup]2[/sup] of accommodation and 508 parking spaces. It is due for completion in the first half of 2009.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
