German investor TMW Pramerica Property Investment, on behalf of its TMW Immobilien Weltfonds unit, has entered London with the acquisition of the 85 Fleet Street office building for some £85 mln (EUR 107 mln). The nine-storey building has 9,000 m[sup]2[/sup] of office space mostly let to law firm Fullbright & Jaworski. The firm occupies 45% of the space with a lease running until 2027.
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.
