Denmark's Kristensen Salzgitter said it has reached agreement with an unnamed German property company to sell its entire property portfolio comprising about 5,800 apartments, 16 commercial leases and garages for EUR 174 mln. The portfolio is located in the cities of Salzgitter and Kassel, central Germany.
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.
