German commercial property investor DIC Asset said that it plans to buy back as much as 5% of its shares in a bid to support the net asset value per share of its stock. Frankfurt-based DIC said it might reacquire as many as 1.57 million shares on the stock exchange in a buyback that began Friday and will run to 10 February 2009.
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.
