UK-based Catalyst Capital has acquired a portfolio of nine distribution and logistics units, totalling 54,200 m2, in the western Romanian cities of Arad and Timisoara from Italian company Incontro Prefabbricati for EUR 25mln. Catalyst, a pan-European investment, asset management and development group, bought the assets for its EUR 200mln WCC Europe fund. The estimated yield for the investment is 8%, Catalyst said.
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.
