Listed German residential landlord Deutsche Wohnen has dropped its €4.6 bn bid to acquire LEG Immobilien, the number three in the sector. The move opens the way for Vonovia, the largest listed German apartment owner, to re-activate its previously rejected offer to buy Deutsche Wohnen.
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.
