German fund manager Union Investment has acquired a residential development project in Helsinki from Nordic property developer Skanska in a forward funding deal worth around €74 mln.
German fund manager Union Investment has acquired a residential development project in Helsinki from Nordic property developer Skanska in a forward funding deal worth around €74 mln.
German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.