Union Investment's new OPCI investment vehicle in France has made its first acquisition in the country, French newspaper Business Immo reported. OPCI UIR 1, SPPICAV, which was set up by Union Investment's asset manager in France Euragone Asset Management, is part of a new kind of tax-efficient investment vehicle that has been recently introduced in France. Union Investment's vehicle has bought from a fund managed by The Carlyle Group, the Atrium Rive Gauche building, located in Val-de-Marne. The property provides about 10,700 m[sup]2[/sup] of space and is currently leased 60 % to SNC Lavallin and Ratiopharm.
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