Vivacon Development, a wholly-owned subsidiary of Germany's Vivacon, is planning to develop a six-storey office building in the Rheinauhafen area of Cologne, western Germany. The development, providing a total lettable area of about 8,000 m2, has been sold to AXA Investment Managers Deutschland ahead of the start of construction. The financial details were not disclosed.
Listed REITs and banks, British Land, Capital & Regional and Wells Fargo, bought and sold four shopping centres and retail parks this week.
