Vivacon Development, a wholly-owned subsidiary of Germany's Vivacon, is planning to develop a six-storey office building in the Rheinauhafen area of Cologne, western Germany. The development, providing a total lettable area of about 8,000 m2, has been sold to AXA Investment Managers Deutschland ahead of the start of construction. The financial details were not disclosed.
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.
