Munich-based fund management group GLL Real Estate Partners has acquired a 16-storey office tower in the financial district of Boston on behalf of European institutional investors for $167 mln (EUR 118 mln). The vendor of the property at 200 State Street was Broadway Partners, a private real estate investment and management firm based in New York.
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.
