Union Investment Real Estate AG has acquired the Eschborn WAVES office project at Frankfurter Strasse 16-40 in Eschborn, Germany, for its UniImmo: Deutschland open-ended real estate fund, investing a total of some €67.3 million. The vendor of this modern building, which offers around 21,250 m² of rental space and flexible layout options, is Frankfurt-based project developer Phoenix Real Estate Development GmbH.
Union Investment bought 94% of the shares in PHOENIX 4. Grundst
