Frankfurt-based Corestate Capital has acquired six residential portfolios spread across Germany for EUR 58 mln. The portfolios include 1,640 residential units in Frankfurt/Main, Hanover, Leipzig and Erfurt. The net initial yield of the transactions ranges between 8.5% and 9.5%.
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.
