Babcock & Brown, Australia's investment bank, and GPT Group, the fourth-largest real estate investment trust in Australia, have agreed to invest a further A$800 mln (EUR 478 mln) in their property joint venture to buy more assets and start new investment funds.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
