Telefonica's 1,800 employees in Germany are moving to a Munich skyscraper. The move is designed to unify the headquarters of Telefonica Deutschland and telecom company O2. The Spanish telecommunications giant acquired 02 in a EUR 24.2 bn takeover in early 2006. The headquaters move is to be completed by February 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.
