Vienna-listed property company UBM Realitätenentwicklung has acquired the Hotel Symphony in Amsterdam from Philips' pension fund for an undisclosed price. Symphony Hotel will be operated by Intercontinental Hotel Group as a business hotel under the Crowne Plaza brand.
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.
