The Curzon Funds group is buying Galeria Pestka in Poland for EUR 85 mln from Walther Beheer, a Dutch property development subsidiary of Germany's Moebel Walther. The shopping centre is under construction in the city of Poznan and will be added to the PBW II Real Estate Fund run by Curzon's real estate investment manager IXIS AEW Europe.
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.
