Romania-based investor Black Sea Global Properties (BSGP) has launched a £40 mln (EUR 45 mln) offer to buy Deutsche Land, the London-listed German property investor. BSGP, which last week raised its stake in Deutsche Land to 32.1%, is now offering 12 pence in cash per share to buy the remaining stake in the company. Including Deutsche Land's net debt of £382 mln, the deal values the company at £422 mln.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
