Italy's Senate is to approve REIT legislation through the Finanziaria, the state annual budget, before the end of the week, Italian newspaper IlSole24Ore has reported. In November, the lower chamber 'Camera dei Deputati' drafted the 2007 budget law, containing an amendment over the SIIQs, the real estate investment trusts.
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.
