German lender Deutsche Hypothekenbank has posted a 9.3% decline in profit in the first half of the year due to a loan loss provision in connection with its exposure to Heta, the so-called bad bank set up to deal with the stricken Austrian lender, Hypo Alpe Adria.
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.
