TMW Pramerica has acquired the Tour Gallieni project near Paris for its TMW Immobilien Weltfonds for about € 100 mln. The development, located in the town of Bagnolet, about seven km northwest of Paris, will provide a total 26,000 m[sup]2[/sup] of accommodation and 508 parking spaces. It is due for completion in the first half of 2009.
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.
