Hypo Real Estate Bank International has provided a EUR 280 mln financing facility for the Invesco European Hotel Real Estate fund. US-based Invesco Real Estate will use the facility for the acquisition of hotels across Europe in the budget hotel sector, Hypo Real Estate Bank International said. The transaction was completed on 24 April 2007.
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.
