German real estate investment company Union Investment Real Estate has acquired the Da Vinci office building near Luxembourg airport in a deal said to represent a total investment of over EUR 67 mln. The property, which Union Investment purchased from German-Swiss developer Somaco, will become part of its UniImmo: Europa real estate fund and is fully let to the European Investment Bank until 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.
