HypoVereinsbank's investment subsidiary Internationales Immobilien-Institut has acquired the City Plaza officer building in Montpellier, France from UK investor Rockspring. The property, which consists of 4,000 m[sup]2[/sup] of new office space, was sold for close to EUR 10 mln. The asset was developed by Groupe Lazard's construction arm.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
