German property investor Union Investment said on Thursday it closed its first deal for an office property in Tokyo. The company has signed binding agreements to acquire the Shiomi-Koyama Office building for more than JPY 20 bn (over EUR 130 mln) for its worldwide open-ended real estate fund UniImmo: Global. The firm noted that the deal follows the purchase of six residential buildings in 2007.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
