Martinsa Fadesa CEO Carlos Vela said on Monday that the Spanish property group is in talks with seven international real estate funds to sell land worth about EUR 1 bn. The proceeds from the sale will be used to reduce the company's debt, which stands at EUR 2.5 bn according to the company results for the first nine months of 2007.
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.
