Union Investment: Fund acquires office building in Mexico City for $97mn
Union Investment Real Estate AG has acquired a class A office building in Mexico City at an investment volume of some $97.3mn for its open-ended property fund UniImmo: Europa. The building, completed in 2000, has 24,688 sqm of usable area and 900 parking spaces. It is completely rented, according to the firm's announcement, to an international automobile company for 15 years.