German property lender Westdeutsche ImmobilienBank has provided EUR 73 mln financing for Degi's acquisition of a shopping centre in the Titan area of Bucharest. Frankfurt-based Degi first announced the purchase of the Iris Shopping Centre for EUR 140 mln in June. The acquisition was carried out by SRL, a Romanian property company being integrated into special property fund, Degi Europe Retail fund.
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.
