Ciref's subsidiary Ciref Berlin 1 has bought a property portfolio that includes four supermarkets in Germany for EUR 21 mln. The deal reflects a net initial yield of 7.6%. The properties are located in residential areas in the cities of Aachen, Bunde and Uelzen, northern Germany.
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.
