German retailer KarstadtQuelle has denied that it had plans to dispose of stores. The company made the statement on Friday after the Financial Times Deutschland reported that up to 30% of its 90 department stores could be sold. 'These stores are not for sale or closure,' a KarstadtQuelle spokesman said. 'These are improvement stores that have set goals to reach.'
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.
