UK investment banking and private equity group Evans Randall has made a second and third acquisition for its £1bn (EUR 1.3 bn) opportunity fund launched in January. The fund, set up to take advantage of a short-term yield shift in the distressed property markets, made its first purchase in early January with the acquisition of Condor House at St Paul's Churchyard in London for £115 mln.
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.
