Many buyers are invoking a 'Brexit clause' to pull out of commercial property deals in London. Just in the last few days office and retail deals worth at least £850 mln (over €1 bn) have collapsed or are under review because of post-referendum jitters.
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.
