Germany's Union Investment Real Estate has acquired a majority stake in the Rhein-Galerie shopping centre development in Ludwigshafen, Germany from shopping centre developer ECE for a total EUR 210mln. The property is earmarked for Union Investment's open-ended real estate fund Unimmo: Germany.
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.
