Announced
Completed
Financials
Tags
office buidling
Domestic
Single Bidder
Infrastructure
Real Estate Holding and Development
Acquisition
Germany
Private
Majority
Private Equity
Friendly
Completed
Synopsis
Union Investment Institutional, a private equity firm, completed the acquisition of Cäcilium, an office building complex, from Blackstone. Financial terms were not disclosed. “Cäcilium is an architecturally timeless and flexible building in a very good downtown location in Cologne and is geared to the needs of quality-conscious tenants. The property’s corner location ensures exceptionally high visibility,” Wolfgang Kessler, Union Investment Senior Managing Director.
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