The hotel and leisure arm of fund manager Invesco has acquired the four-star Sofitel hotel in Nice, France, from an unnamed buyer. No financial details were disclosed. The 152-room hotels has been rebranded and leased to Spanish hotel operator NH Hotels, said property broker Christie + Co, which acted as agent for the deal.
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.
