Portuguese asset manager Imorendimento has completed the acquisition of a retail project near Lisbon from Portuguese company Guedol for a total of EUR 55 mln. The Evora scheme, currently under development, has been acquired by a consortium of Imorendimento, UK Madford Developments and Resolution Property. The 24,800 m[sup]2[/sup] retail development is scheduled for completion in late 2009.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
