VastNed Retail, the Dutch-based pan-European retail property investor, has acquired two prime high street shops in Madrid for EUR 10 mln. The transaction brings the value of the company's Spanish portfolio to over EUR 5 bn. The properties are located at 23 and 25 calle de Fuencarral, a street connected to Grand Via, one of Madrid's prime retail locations.
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.
