A consortium of investors led by former Unibail-Rodamco-Westfield CEO Léon Bressler and French telecoms billionaire Xavier Niel has called on all investors to oppose the European listed property giant’s recently announced €9 bn ‘Reset’ plan, calling the programme ‘a failed strategy’ and saying the capital raise would be ‘devastating’ for shareholders.
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.
