JER Partners has set up a joint venture with Germany's International Property Asset Management (IPAM) to purchase three commercial properties in the north of Germany from a mortgage bank for EUR 18.5 mln. The transaction represents the first step for US-headquartered JER Partners towards the development of a commercial property portfolio in the country.
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.
