Listed Austrian real estate company Immofinanz said on Wednesday that it is to issue EUR 650 mln in convertible bonds to help reduce the company's bank debt and to bring about a 'stark reduction' in financing costs. There is an option to increase the bond issue by EUR 100 mln.
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.
