Strengthening economic activity has translated into improved demand in European office markets and a higher take-up level over the first half of 2006. Incentives are becoming less generous and real positive rental growth is recorded in most markets, according to a survey of the European office markets by Savills' European Research division.
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.
