London-based Orchard Street Investment Management has purchased industrial property complex Cobbett Park in Guildford, UK on behalf of a pension fund client. The investment volume of £19 mln (EUR 24 mln) reflects a net initial yield of 6.16%. The vendor was Legal & General Property's Industrial Property Investment Fund (IPIF).
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.
