Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Commerz Grundbesitz Group, has signed the deed for the 'Logistikpark Distriport' property in Fos sur Mer near Marseille. The logistics park is earmarked for the company's Euro Property 1 institutional property fund. The project has a total investment volume of about EUR 33 mln and is scheduled to be completed in the summer of 2007.
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.
