European non-listed real estate funds had trouble investing the equity they raised last year, according to the latest annual capital raising survey of Inrev, the association of non-listed real estate funds. In 2007, non-listed real estate funds drew on 69% of the capital raised that year compared with 90% in 2005. In 2006 the figure was 84%.
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.
