AMB Property Europe, an affiliate of the American AMB Property Corporation, announced on Thursday that it has teamed up with Belgian developer DePaepe Group to develop a multi-tenant logistics facility in Boom, Belgium. The AMB Boom Distribution Center is expected to comprise 40,000 m[sup]2[/sup] on completion in the second quarter of 2008.
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.
