The Spanish Government is to invest EUR 200 mln for the development of 5,668 homes, EFE, Spain's national news agency reported. The area of development spans Asturias, Castilla-La Mancha, Galicia, Madrid, Valencia and Ceuta The buildings will be state-subsidized housing, so-called Viviendas de Protección Oficial. The government makes these houses available at a lower price and assists in buying though a subsidy.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
