Australian property firm GPT Group announced strong full year results as it posted a growth in global assets under management to $8.5 bn in the year to 31 December 2007. European asset growth was particularly notable, growing to $3.4 bn excluding $300 mln in assets held for future funds, following the acquisition of Halverton. However, the group also saw net profits down nearly 12% to $1.2 bn.
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.
