Barcelona-based private equity investor Meridia Capital has acquired an 8,500 m[sup]2[/sup] building in the ninth arrondissement of Paris from Spanish property company Nozar for an undisclosed sum. The triangular Haussmann-style building, originally constructed in 1870, is currently vacant and will be converted into a luxury boutique hotel. Meridia said refurbishment work is expected to begin in mid-2009.
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.
