Morgan Stanley Real Estate said it has bought a stake in Eastern European developer Adama Holding Public. The real estate arm of the US investment bank did not disclose the size of the stake but said the transaction was made through its Special Situations Fund III. Adama is a private company active in markets across Central & Eastern Europe. The company has corporate bonds listed on Tel Aviv Stock Exchange.
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.
