Spanish bank Caja de Gipuzkoa y San Sebastian (Kutxa) has increased its stake in the Valle Romano tourist development from 50% to 100%. The Spanish bank has bought the project, located in Estepona, near Malaga in southern Spain, from real estate and financial services group Meyluna. Kutxa paid around EUR 100 mln, newspaper Cinco Dias reported.
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.
