Deka Immobilien, the property arm of Germany's Deka Bank, has acquired the Urban Building Shinsaibashi in the Japanese city of Osaka for EUR 120 mln. The 7,454 m[sup]2[/sup] property which is principally let to Apple Japan, was bought for Deka's open public fund which invests worldwide. The seller was special purpose vehicle set up by the publicly listed company Urban Corporation.
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.
