Union Investment Real Estate has signed an agreement to acquire Hofgarten Palais in Düsseldorf from Europa Capital for about EUR 60 mln. The 14,000 m[sup]2[/sup] office development was carried out by Luxembourg-based subsidiaries of Europa Fund II and was purchased by Union Investment for its open-ended property UniImmo: Europa.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
