German investment specialist Deutsche Asset One has announced the acquisition of 715 residential and commercial units worth over €300 mln from Meag. The properties, located exclusively in the city and district of Munich, will become part of various institutional open-ended real estate funds of Union Investment.
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.
