The Italian Ministry of Defence can trade its residential portfolio with local government properties. A new amendment introduced yesterday in the 'Finanziaria', the State annual financial budget, allows the Ministry, directed by Arturo Parisi, to get rid of military properties through an exchange with property owned by the local government.
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.
