Hamburg-based Lloyd Fonds has acquired a hotel development in Sylt, northern Germany, for EUR 24.4 mln. The seller, real estate company GBI, will retain a 5.1% interest in the project, which is to provide some 17,000 m[sup]2[/sup] of four/star hotel space.
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.
