The French government announced on Thursday that it has sold the 7,000 m[sup]2[/sup] Montesquieu property in the seventh arrondissement of Paris for EUR 142 mln. The building, which currently houses the French foreign aid ministry, has been sold to a French unit of a Russian company listed in London and connected to the US group Hines.
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.
