Berlin-based Catella Residential Investment Management GmbH (CRIM) said on Thursday that it has entered the Austrian property market with the purchase of SMARTments Heiligenstadt in Vienna, an 11-storey development comprising 313 units for students and business travellers, for €42 mln.
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.
