Rutley European Property has exchanged unconditional contracts for the acquisition of a EUR 163 mln portfolio of commercial real estate assets in Germany, France and the Netherlands. Completion of the transaction, which reflects a gross initial yield of 6.7%, is scheduled on or before October 2007.
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.
