After seeing prime retail rents rise by over 25% over the last 18 months, Moscow is now the most expensive retail location in Europe and the second most expensive in the world, according to the Global Retail Destinations Ranking from CB Richard Ellis (CBRE). Demand for prime space in Moscow has been rising rapidly as retailers look to take advantage of rising consumer spending, particularly on luxury goods.
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.
