German closed-end fund manager Hamburg Trust has acquired a 50% interest in the Dandenong Plaza shopping centre in Melbourne through its Australian parent company GPT Group. Financial details were not disclosed. The property will be integrated into Hamburg Trust's new Shopping Edition fund, which will have an investment volume of around A$160mln (EUR 98mln).
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.
