Equity Office Properties Trust has rejected a $41 bn offer from Vornado, saying a $38.3 bn bid by rival Blackstone is less risky for shareholders. Equity Office said a sale to New York-based Vornado would take months to complete while a buyout by Blackstone could be completed within days.
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.
