UK fund manager New Star Asset Management, which manages the New Star UK Property Unit Trust, cut its final 2007 dividend to 5 pence from a previous 9 pence per share, as it pointed to the uncertain market situation and its desire to maintain its financial position.
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.
