Metrovacesa's shareholders approved a plan this week to merge the Spanish property company with its chairman's rental firm, Sacresa Terrenos 2. The move is the latest step in a deal agreed last year to end a year-long battle for control of the company between its main shareholding groups.
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.
