Hamburg-based Union Investment Real Estate has acquired the Furstenhof office/commercial building in Frankfurt am Main from Eurocastle Investment in a deal worth around EUR 129mln. The property, located in the heart of Frankfurt's financial district, will be added to Union Investment's open-ended fund UniImmo: Deutschland, the company said on Tuesday.
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.
