Iberdrola Inmobiliaira, the property arm of Spain's energy company Iberdrola, is investing EUR 150.3 mln in the southern Spanish city of Seville to buy and develop some 1 million m[sup]2[/sup] of land. Iberdrola said in a press release it will use 65% of the land for industrial and storage activities and 35% for third-party activities.
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.
