Dutch property fund Nieuwe Steen Investments has bought eight properties in the Netherlands from the Philips pension fund for a total EUR 143 mln. The portfolio comprises more than 73,000 m[sup]2[/sup] of office and retail space centred on the central urban conurbation. The rent revenues total EUR 11.2 mln. Half the portfolio is leased to government agencies.
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.
