Union Investment Real Estate has acquired the Eschborn Waves office project at Frankfurter Strasse 16-40, in Eschborn, near Frankfurt, for EUR 67.3 mln. The project is earmarked for Union Investment's UniImmo: Deutschland open-ended real estate fund, The vendor of this modern building, which offers around 21,250 m[sup]2[/sup] of rental space, is Frankfurt-based project developer Phoenix Real Estate Development.
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.
