German open-ended fund manager Union Investment Real Estate has acquired Euragone Asset Management, its longstanding French asset management partner, with effect from 1 January 2011. The new Paris-based subsidiary - Union Investment Real Estate France SAS - has a team of 12 staff and is responsible for Union Investment’s EUR 2.7 bn property portfolio in France.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
