German IC Immobilien is planning to launch a new EUR 1 bn real estate investment trust under the name Fair Value Reit, Boersen-Zeitung reported. This will offer an exit possibility for its fund investors, the paper said, citing ceo Oscar Kienzle. Kienzle said that an Initial Public Offer (IPO) of the REIT is a possibility that will be examined this year.
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.
