Spanish bank Banif, a subsidiary of Santander Group, has acquired an office building located at 33 Rue Galilee in the 16th arrondissement of Paris for EUR 21.4 mln. The 2,224 m[sup]2[/sup] property is let to the European Business Centre. The transaction value reflects an initial yield of about 4.4%.
Pan-European real estate investor Europa has appointed Ed Crockett to the newly created role of head of residential investment UK & Europe.
