Austria-based Meinl European Land (MEL) has signed a contract to buy a EUR 300 mln shopping centre in the Moscow suburb Pushkino. The 250,000 m[sup]2[/sup] shopping centre, combined with an entertainment centre, is due for completion in 2009. Metro Group is expected to be an anchor tenant.
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.
