A 50/50 joint venture of Italy's Sansedoni and investor Lehman Brothers has completed the acquisition of 100% of bank MPS's Valorizzazioni Immobiliari (Vim). Vim owns a portfolio of 188 commercial units that were no longer central to Monte Paschi di Siena's business. The assets have a market value of around EUR 100mln.
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.
