Endurance Real Estate Fund - Office Sub-fund, managed by Orco Property Group, has acquired the former Palace Hotel in Bratislava for an investment of EUR 12 mln from VUB Bank. Orco Slovakia plans to reconstruct the building, bringing approximately 3,000 m[sup]2[/sup] of office space and 800 m[sup]2[/sup] of commercial space onto the market in May 2008.
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.
