Belgian redevelopment company Banimmo said on Wednesday that it has purchased the North Plaza building in Brussels from KBC Bank for EUR 32mln. Banimmo launched an initial EUR 29.2mln takeover bid for North Plaza in December 2007. The company was vying with GE Real Estate for the asset. The acquisition reflects a net initial yield of 6.87%.
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.
