Volker Wessels' investment vehicle Kondor Wessels and the Dutch building industry pension fund BPF Bouwinvest have jointed forces to buy the head office of the Bavarian stock exchange at Lenbachplatz in Munich. The acquisition price is EUR 21 mln, German newspaper Immobilien Zeitung reported. The stock exchange property is being sold by private equity group Blackstone.
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.
