Brazilian billionaire Moise Yacoub Safra is reportedly paying £500 mln (EUR 616 mln) to acquire the Plantation Place office scheme in the City of London in a loan-to-own strategy. The office scheme was tied up in a commercial mortgage-backed security (CMBS) which breached its loan-to-value conditions in 2008.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
