Union Investment acquires office building in Frankfurts Europaviertel from Vivico (DE)

Union Investment Real Estate AG has acquired the Nord 1 office/commercial building development project on the Boulevard in Frankfurt's Europaviertel (European Quarter) from Vivico Real Estate GmbH. The purchase price is some €93 million and the project will be added to the broadly diversified portfolio of the UniImmo: Deutschland open-ended real estate fund. The sale was brokered by Atisreal.

The 6-story office building is currently under construction by Vivico on the Nord 1 plot of Frankfurt's European Quarter, directly adjacent to the M

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