Altarea, a French real estate investment trust, has confirmed it is in exclusive talks to acquire Paris-based developer Cogedim for as much as EUR 650 mln, Bloomberg reported. In an emailed statement, Altarea, also headquartered in Paris, said it is negotiating to buy Cogedim from a group of shareholders led by Milan-based insurance company Vittoria Assicurazioni.
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.
