Central European property group Orco has annouced the acquisition of two new plots covering some 28 ha in Warsaw, Poland. The company plans to invest some EUR 60 mln on the development of a new logistic centre on one of the sites, with the other one due to house the second phase of Orco's Drawska residential development.
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.
