Shares in Czech property developer Orco stopped trading on the Prague stock market on Thursday after they slumped more than 20% from opening levels. Orco shares fell to an historical time low of EUR 14.11 on Thursday morning. The stocks shortly resumed trading and closed the day with a drop of almost 15%. Orco shares have lost about 40% of its value since the beginning of the week.
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.
