Austrian property investor Immofinanz said on Thursday it has decided not to pay out dividends for the 2007/08 financial year. In September the company passed a resolution determining a dividend of EUR 0.40 per share, but the company's new chief executive Thomas Kleibl opted a month later for the cancellation of the dividend in a bid to consolidate the company's business.
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.
