Beni Stabili’s joint venture company with Greenway Costruzioni has signed an agreement to purchase a 17, 000 m[sup]2[/sup] site in Milan for some EUR 22.9 mln. According to the statement, the company will finance the acquisition with a target leverage of 60%, with closing at the end of April 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.
