Spanish builder Grupo Ferrovial said that UK airport operator BAA won't contribute to earnings until 2011 after a terror alert last year led to higher security costs. Ferrovial spent $20 bn (EUR 15 bn) for BAA last August, the same month an alert increased security costs at BAA to $42 mln.
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.
