Germany's IVG Immobilien said on Tuesday it is to sell 70 caverns to a fund it manages for unnamed institutional investors. In a statement, the German company said that its IVG Caverns Fund will acquire 40 operational caverns as well as 30 additional caverns which are currently under construction and for which IVG has already concluded long-term tenancy agreements.
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.
