The German government is seeking a buyer for TLG, the former liquidator turned investor that sold thousands of eastern German properties inherited at the time of reunification of the country in 1990. Chairman Volkmar von Obstfelder of TLG told Bloomberg that the Berlin-based successor to the former Treuhand Gesellschaft will be auctioned in 2008, five years after becoming profitable.
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.
