German bank HSH's real estate unit is teaming up with German property company TAG to form an asset management company focusing on German commercial property. The two groups, which signed the JV agreement on Monday, said that they will each hold a 50% stake in the new company, which will be headquartered in Hamburg.
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.
