Qatari Barwa Real Estate is to develop seven hotels in Switzerland and Belgium at a cost of $128.7 mln (EUR 94 mln) through a joint venture with Luxembourg's Rosbud Hotels Holding and Banque de Patrimoines Prives Geneva (BPG). On completion of the developments in 2010, Barwa may sell the properties, the company said in a statement.
Finnish real estate manager Sirius Capital Partners, through a recently formed affiliate, has purchased a portfolio of four residential buildings in Helsinki, Finland.
