Merchant bank NIBC has announced that its NIBC European Infrastructure Fund I has completed an initial fund raising for EUR 300 mln with cornerstone investors NIBC Bank and Dutch pension funds ABP and PGGM. The final close of the fund at EUR 500 mln is expected before the end of 2007.
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.
