Stephen Hester, CEO of British Land, is to assume the position of non-executive director at the Royal Bank of Scotland (RBS) from October 1. At the same time, he will relinquish his role as non-executive deputy chairman of embattled British bank Northern Rock after just seven months in the job.
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.
