Austrian construction company Strabag has agreed to buy Deutsche Telekom's facility management unit. Deutsche Telekom Immobilien und Service (DeTeImmobilien) employs more than 6,000 people - 5,600 in Germany - and it generated revenues of about EUR 1bn in the 2007 financial year. DeTeImmobilien main customer is Deutsche Telekom. Both sides agreed not to disclose the investment volume.
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.
