Privately-held property firm Leyden Group paid EUR 94 mln for 29 Bank of Ireland branches and a call centre at an initial yield of 3.9%. The properties will be leased back to the Irish bank with 15-year breaks. The annual income from the deal is EUR 4.6 mln, with a 15% uplift at the first review or an increase in open-market rental increase. The transaction marks the bank’s fourth sale-and-leaseback 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.
