DIC Asset has announced the off-market purchase of the Mercedes-Benz-Center at Mercedes-Allee 1 in Cologne-West for its balance sheet portfolio. The total investment costs (TIC) for the property, which meets high-end architectural and quality standards, approximate €71 mln, reflecting a gross rental yield of more than 7%.
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.
