Listed property investment company IPBM, a subsidiary of GE Real Estate, has acquired 10,645 m[sup]2[/sup] of offices from Westbrook Partners and STAM in Bagneux, in the Ile-de-France region near Paris. The deal is valued at EUR 52 mln, excluding taxes. The building, called Latitude 20, is completely let for a six-year period. Property advisor IBG Carré acted for the seller.
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.
