German real estate company and project developer 3C Real Estate has commenced construction of Lomarer Hofe, a new Eur 12mln inner city development, in Lohmar. The project, which comprises some 5,500m[sup]2[/sup] of offices, flats and convenience centre, is expected to complete end 2008. Contracted tenants include Rossmann and KIK and further tenants are also currently in negotiations.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
