Schroder Eurologistic Fund I, a closed-end fund managed by Schroder Property Investment Management, has completed the acquisition of a logistics site located in Fiumicino, close to Rome's International Airport, for over EUR 50mln. The fully let building is part of a 350,000 m[sup]2[/sup] logistic park. The acquisition reflects a net initial yield of 6.85%.
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.
