Union Investment acquired the property from Commerz Real for an undisclosed sum. : Union Investment has acquired an office building in France’s capital from fellow German fund manager Commerz Real. Union Investment bought the Euro Alsace office building in Paris for its institutional open-ended real estate fund UniInstitutional European Real Estate. The sole tenant of the six-storey property is French state-owned railway company Établissement Public à Caractère Industriel et Commercial Société Nationale des Chemins de Fer Français (ÉPIC SNCF ).