Property fund managers are shifting their attention to offices at the expense of shops and shopping centres, according to figures from Investment Property Databank (IPD). For the first time in five years, offices were more in demand than retail last year amid fears that some investors have paid too much for shops in poor locations.
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.
