Rockspring Property Investment Managers has acquired the Verulam Point modern office building in St Albans, about 35 km north of London, for £17.9 mln (EUR 26 mln). The property was purchased on behalf of Rockspring Hanover Property Unit Trust from The Church Commissioners, for a 5.49% net initial yield.
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.
