Private US real estate firms Benson Elliot Capital Management and GEM Realty Capital have joined forces to acquire an EUR 42.5mln performing mezzanine debt tranche priced at a discount to face value. The debt is secured by a portfolio of hotels and other assets located in Germany.
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.
