Crowley & McCarthy Chartered Accountants' property investment subsidiary CMC Capital has bought the A10 shopping centre in Berlin for EUR 245 mln. The mall was purchased on behalf of CMC Capital's property syndicate investors in a joint venture with a UK private investment firm. The acquisition represents an initial yield of about 6%.
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.
