Some EUR 13.bn of commercial real estate investment deals took place in Germany in the first half of 2008, down 53% on the year-earlier period, according to the latest figures from consultant Atisreal. Portfolio sales accounted for some EUR 5.8bn or 45% of the total, a decline of 64% compared with the previous year. The share of single-asset deals also contracted, falling 46% compared with the same period in 2007.
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.
