IVG has confirmed it acquired the London office building at 30 St Mary Axe for EUR 950 mln, in a 50/50 joint venture with Evans Randall. The statement by IVG follows market rumours last week about the German property fund's interest in the landmark office building known as the Gherkin.
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.
