Development Securities, the listed UK real estate developer and investor, has agreed to extend the due date on the £52mln (EUR 65mln) loan notes from the 2007 disposal of its Oriental City retail scheme until 15 September 2008 in order to give the purchaser more time to complete its financing arrangements.
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.
