When Germany's largest state, North Rhine-Westphalia, sold its residential property company Landesentwicklungsgesellschaft NRW (LEG) to Goldman Sachs' Whitehall Funds in June for about EUR 3.4bn, it sent a signal to the market that big deals can still be pushed through in the current climate - if the price is right.
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.
