German property investment company IVG Immobilien said it plans to launch a real estate investment trust (REIT) through an initial public offering early next year. The future REIT would be made up of German office properties worth around EUR 3.5 bn, IVG said in a statement. It will hold a majority interest in the vehicle and float at least 25%.
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.
