The building is let to 12 companies, including Deutsche Börse, Netflix, the Embassy of Monaco and law firm Norton Rose Fulbright.

Business Expectations Index weakened slightly in March, to 109.2 points, from 111.5 points in February

This deal brings the EU one step closer to completing the “Fit for 55” legislation to deliver the European Green Deal and the REPowerEU objectives.

The acquisition is part of its property development arm Gamuda Land’s quick-turnaround-project (QTP) strategy

Construction is planned to start in the second quarter of 2023 and be completed in the beginning of 2026.

Blackstone has been an active and significant investor in Germany for more than two decades.

The buildings are also aligned with the KfW 40 standard and Sustainable Building Quality Seal.

Credit Suisse takeover inevitably raises questions about the future of tens of thousands of employees as well as where the combined company will be based.