A joint venture between Vienna-based Signa Recap Development Fund I and a large German insurance group has acquired a 100% interest in the IZD Tower in Vienna from Matrix European Real Estate Investment Trust (MEREIT) for over EUR 212 mln. Although the name of the insurance group was not disclosed, market sources suggest that the buyer is Germany's second largest insurer.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
