UK Commercial Property REIT (UKCM) has acquired a hotel development opportunity in Leeds, from Marrico Ltd, a joint venture between Marrico LLP and Helios. The site itself was owned by Leeds City Council and UKCM is to fund the development, which is to be completed by Marrico, for a total commitment of £62.7 mln (€74 mln).
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.
