Listed Finnish real estate company Sponda said on Tuesday that it has been informed that a proposal is to go before parliament in Helsinki to transfer the state's large stake in Sponda to Solidium, a wholly state-owned company. The state owns 38 million shares in Sponda, corresponding to more than 30% of all the issued shares.
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.
