Spanish real estate company Neinver said it has bought land in Portugal's Algarve region to develop its second outlet centre in that country. Neinver plans to invest EUR 60 mln in the project, which will be located in one of the best tourist areas in the country and create between 1,500 and 2,000 jobs.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
