When announcing yesterday the acquisition of its 25% minority stake in the CB21 tower from CNP Assurance, Covivio referred in its press release to "conditions reflecting an overall target return on the transaction of 10%", declining however to comment on the financial details of the off-market transaction. According to our information, the transaction was concluded at a value of around €3,000/sq.m., representing an investment for the real estate company of just over €50 million.
How much did Covivio pay to take over the CB21 tower?
According to our information, the real estate company has bought out CNP Assurance's 25% stake for...
Business Immo
June 17, 2025 | 3:50 P.M.
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