German property investor Commerz Real has acquired a logistics property which is to be built close to the Frankfurt International Airport. An exclusive lease for the property with a fixed term of at least ten years has been signed with express shipping group DHL Express Germany. The total investment volume for the transaction is about EUR 16 mln, Commerz Real 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.
