UK property company Hammerson and its joint venture partner Pearl Assurance have exchanged contracts with German open-ended fund Deka Immobilien for the sale of the long leasehold interest in Moorhouse, 120 London Wall, in the City of London. Deka agreed to pay £230 mln (EUR 289 mln) for the leasehold. The office building was completed in 2004 and provides 30,100 m[sup]2[/sup] of space.
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.
