RREEF Deutschland, the German real estate fund management arm of Deutsche Bank, has sold the Gullbergs Vass office and retail scheme in Gothenburg, Sweden's second largest city to the Swedish pension fund Alecta Pensionsförsäkring for SEK 422 mln (EUR 47 mln). The property was owned by RREEF's open-ended property fund, grundbesitz global.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
