CB Richard Ellis, in partnership with NAI Otto Immobilien, NAI Global's Austrian arm, has been awarded an exclusive mandate to sell a EUR 650 mln portfolio of commercial properties owned by Bawag-PSK Real Estate, a subsidiary of Bawag-PSK Bank. The former union bank was taken over by Cerberus Capital Management, one of the world’s leading private investment firms, in May 2007.
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.
