Standard Life Investments has made its first acquisitions in Sweden on behalf of its European Property Growth Fund (EPGF) for EUR 35 mln. The first transaction involved a terrace of four retail warehouse units in the north of Stockholm. The buildings provide a total of just over 4,000 m[sup]2[/sup] of lettable space. Construction of a further three units, totalling 3,700 m2, will begin in the second half of 2007.
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.
