Porto Investment Hungary said on Thursday it has signed a EUR 29 mln facility agreement with MKB Bank Zrt for the redevelopment of the Kozraktar complex in Budapest. The company, which was awarded the project in a public-private partnership (PPP) with the city of Budapest, expects construction to start in late spring 2008, with completion planned for the end of 2009.
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.
