Union Investment Real Estate has strengthened its investment portfolio in the Dutch Randstad with the acquisition of the Las Palmas building in Rotterdam from real estate developer OVG for an undisclosed amount. The Hamburg-based company said that Las Palmas is the first investment object for its open-ended real estate fund Immo-Invest: Europa. Union Investment's investment strategy focuses on high-quality office development located in prime locations in the four main cities in The Randstad.
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