Finnish real estate manager YIT has acquired two residential plots in St Petersburg by purchasing the shares in a company that owns the land for EUR 37 mln. The plots, measuring a total of 46 hectares, are zoned for housing and YIT said construction of buildings with more than 15,000 residential units is due to start in 2008.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
