UK REIT Hammerson has a made a recommended £3.4 bn (€3.86 bn) offer for an all-share takeover of its smaller peer intu, in a deal which would combine the two largest UK retail REITs to create a group with a £21 bn (€23.8 bn) pan-European portfolio.
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.
