The UK arm of GE Real Estate has acquired two office properties in London for about £25.1 mln (EUR 37 mln. Commercial Property News reported that GE Real Estate bought 4 Tenterton Street, near Hanover Square in the West End, for £17.6 mln from Scotts Ltd. and 16-18 New Bridge Street in the City for £7.5 mln from Redab Properties. Both office buildings, vacant by year's end, will be substantially refurbished.
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.
