Swiss retailer Jelmoli said on Tuesday it has made 'significant progress' in implementing a strategic plan that will result in the group being split into separate listed real estate and investment firms. The strategic plan was drawn up following the collapse late last year of a EUR 2bn sale-and-leaseback of 88 department stores to an Israeli consortium due to the credit crunch.
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.
