Fortis Real Estate announced it has begun talks with Société Financière de l'Etoile (SFE) and Société de l'Etoile (SE) to acquire a stake in Belgian real estate group Agridec for around EUR 204 per share. SFE and SE hold 23.6% and 10% respectively of Agridec, a company which invests mainly in commercial property in the Belgian city centres of Arlon, Brussels, Malines, and Verviers.
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.
