Property division buys 54-56 Rue la Boétie from South Korea’s IGIS.
Pair to engage in development programme as demand for warehouse space skyrockets.
Manager looks to capitalise on fast-changing industry, says CEO.
Insurer ASR lowers €180m tag by 20% amid deteriorating market.
A South Korean consortium comprising fund manager IGIS Asset Management and investor Hana Financial Investment has bought Trianon, a 45-storey skyscraper in Frankfurt, for €670 mln from NorthStar Realty Europe.
Colliers International has unveiled plans to double the size of its French office over the next three years while seeking to build its position in the country’s investment advisory space with the recruitment of about 12 investment advisers.
Madison International Realty and Peakside Capital have sold Frankfurt Airport Center (FAC) to German property firm Godewind Immobilien for around €168 mln.
Aareal Bank has arranged a €447 mln refinancing of 14 hotels owned by Pandox, in Austria, Belgium, Germany and the Netherlands.
Designer outlet specialist McArthurGlen is to invest €1 bn in new centres and expansions to cater to growing demand from shoppers and tourists.