Schroders is buying Germany's property manager Aareal Asset Management (AAM) from its sole owner Aareal Bank. Under the terms of the agreement, Schroders will pay EUR 28.mln, including EUR 6 mln of net tangible assets in cash, on completion of the acquisition of 99.75% of the share capital in AAM.
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.
