A consortium of German lenders HSH Nordbank and Nord LB and NIBC Bank of the Netherlands has agreed to underwrite a EUR 277mln facility for London-based Speymill Group. The credit line has been made available to Speymill to establish a property portfolio spread throughout Germany. The portfolio, consisting 90% of residential property, has a 10% vacancy rate and is 70% located in the former West German states.
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.
