Teesland, the UK and European property fund and asset managemer, has launched the EUR 850 mln Nordic Aktiv fund to invest in the four Nordic countries - Denmark, Sweden, Finland and Norway. The fund will focus on acquiring high-yielding mixed commercial properties with a strong emphasis on multi-let buildings, Teesland said. The target income return to investors is 8%.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
