French developer Altarea said it has entered into exclusive talks for the purchase of the Cogedim group for EUR 650 mln. Altarea will initially pay 60% of the amount, while another 36% will be paid without interest in the next three years and the remaining 4% will depend on the performance of Cogedim in 2007.
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.
