Germany's IC Real Estate Group said on Tuesday it is to asset and property manage 41 properties by Sparkasse Sudholstein savings bank in Schleswig-Holstein. The bank divested the 48,000 m[sup]2[/sup] portfolio through a sale-and-leaseback transaction by selling them to the IC Real Estate and IC's real estate investment trust (REIT), Fair-Value Immobilien.
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.
