CA Immo's Vienna-based subsidiary Vivico Real Estate said it has sold the Movenpick hotel in Frankfurt to German investor Union Investment Real Estate for EUR 63 mln, including costs. Union Investment will add the property to the portfolio of its open-ended ImmoInvest: Europa fund for institutional investors. Atisreal advised Vivico on the deal.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
