Spain's stock market regulator CNMV has given the go ahead to Metrovacesa's break-up plan. The CNMV said in a preliminary analysis that the plan 'is consistent with stock-market rules' but added that the associated share tender offers will require further scrutiny and authorization.
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.
