Kenmore Property Group has made the first acquisition on behalf of its French office fund with the purchase of the Astoria office building in Rennes from local developer Prodim in a forward funding deal. The 2,900 m[sup]2[/sup] office development is scheduled for completion in January 2008. The purchase price was not revealed but Kenmore forecast a yield of 7.5%. Colliers CLS Blot advised both parties.
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.
