Property companies Ballester and Monteverde have agreed to jointly found a new real estate company and an agreement may be signed next week, according to unnamed sources from the sector. The new company will be owned 80% by Ballester and 20% by Monteverde and will start with a capitalisation of EUR 300 mln.
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.
