French property group Fonciere des Murs is acquiring 102 properties in France from Belgian fast-food chain Quick for a total of EUR 316 mln. The transaction is a sale-and-lease back agreement under which Quick will rent the assets back for a minimum of 12 years, renewable three times for a total of nine years. The agreed annual rent will be EUR 18 mln. The transaction reflects a yield of 5.69%.
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.
