Jersey-based Esther Charitable Trust has acquired a portfolio of 13 German properties for EUR 55.5 mln in a sale-and-leaseback transaction. The portfolio mainly consists of logistics properties. They are let to Italian textiles company Miro Radici Group on 12-year leases at an initial overall annual rent of EUR 4 mln.
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.
