Italy's listed real estate group Prelios has announced the sale of 95% of the Blankanese Bahnhofsplatz mixed-use scheme in Hamburg, Germany for around EUR 73 mln. The property, which represents a partnership of the Italian property company (47%), ING Real Estate Development (50%) and other shareholders (3%), was sold to the Classic Value 2 closed-end investment fund, managed by Hesse Newman Capital.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
