Amsterdam city council plans to build a new stadium for the city with capacity for about 80,000 people. The move, announced by council executive Carolien Gehrels, is aimed at boosting Amsterdam's bid to host the football World Cup in 2018 or the 2028 Olympics. According to an estimate made by Dutch property magazine PropertyNL, the stadium would have a development cost of between EUR 60 mln and EUR 80 mln.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
