Vastned Retail has acquired a retail development in the southern Dutch city of Roermond for EUR 55.2 mln. Work has just begun on the complex and when completed in the 2008 it will comprise 36,200 m[sup]2[/sup] plus parking for 1,250 vehicles. The gross average rent will be about EUR 105 per m2, generating a total rent of EUR 3.6 mln.The initial rental yield will be about 6%.
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.
