UK REIT Segro has agreed the sale of Tulipan House in Warsaw to German investor Commerz Real for EUR 60mln. The transaction reflects an initial yield of 5.9% and encompasses 17,898 m[sup]2[/sup] of class 'A' office space. The property is earmarked for Commerz Real’s Hausinvest global fund.
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.
