Two of Prudential's fund management arms have launched a fixed-income property fund which Property Week has hailed as the first of its kind for institutional investors. The fund will buy property with fixed or inflation-linked rental uplifts, and aims to deliver a secured long-term income stream through a well-diversified portfolio of properties and tenant credit.
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.
