Property adviser DTZ said on Thursday it had acquired Canadian peer J.J. Barnicke for EUR 19.8 mln, subject to a working capital adjustment. An additional EUR 1.1 mln may be payable if certain conditions are met. DTZ is financing the acquisition from existing facilities and notes convertible into DTZ shares.
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.
