Moorfield Group, a UK-focused real estate fund manager, announced on Thursday that its Fund III (MREF III) and Fund IV (MREF IV) have sold two purpose built student accommodation (PBSA) schemes, totaling 789 beds, to a joint venture established between Ares Management funds and Generation Partners.
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.
