Eurocastle, the closed-ended fund focused on the German commercial real estate sector, has purchased a large property portfolio from Deutsche Bank's property unit for an all-in price of EUR 2.1 bn. The sale involved a total of 61 commercial properties primarily in and around five large German cities from the open-ended fund DB Grundbesitz Invest.
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.
