Pirelli RE has completed the purchase of 96.83% of Deutsche Grundvermoegen (DGAG), and said it intends to buy a further 2.54% in the German company, through an agreement with the entrepreneurs Abert Buell and Cornelius Liedtke. The total investment by Pirelli in the property group comes to EUR 465 mln.
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.
