BMO Real Estate Partners has acquired a prime luxury retail property located on Rue du Faubourg Saint-Honoré in Paris’s 8th Arrondissement. The investment volume was not disclosed, but the sale-and-leaseback transaction with Italian fashion brand Ermenegildo Zegna reflected a net initial yield of 3.4%.
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.
