Investment manager Barings has agreed the speculative forward funding of a 50,409 m2 Grade A logistics property in Béziers, France, in an off-market transaction on behalf of a pan-European logistics joint venture between a US insurance company and a Middle Eastern sovereign wealth fund targeting core+/value-add assets. The parties agreed not to disclose the purchase price.
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.
