The Spanish property company Lualca and the bank group Ibercaja have taken a 4.09% and 1.68% stake respectively in Reyal for a total investment of EUR 131 mln. The operation was concluded before Reyal boosts its capital by EUR 2.2 bn as a first-step to acquire real estate peer Urbis.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
