Union Investment enters Switzerland, shops in Japan

German investor Union Investment has acquired the CityWest Gebäude F office project in the centre of the Swiss city of Zurich for EUR 80 mln. The asset - Union Investments first in the country '- is earmarked for the open-ended fund Unimmo: Europa. The building will offer 20,400 m[sup]2[/sup] of space and 84 parking lots on completion in mid-2010. The investors said it has a rental warranty of 24 months from completion with the seller Marazzi Generalunternehmung.

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