Paris-listed property company Gecina said on Wednesday that its board has proposed re-launching the share buyback programme that was blocked by French financial regulator AMF last December. The share buyback is crucial for the resumption of the planned demerger from Spanish real estate group Metrovacesa. Gecina said it expected to hold extraordinary shareholders meeting to approve the buyback by the end of the year.
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.
