Hermitage, the French property arm of Russian group Stroimontage, has signed a preliminary agreement with municipal authorities to build two 320-metre skyscrapers, called Hermitage Plaza, in the La Defense business district on the outskirts of Paris. Hermitage intends to apply for the final building permits by end-July.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
