Spain's real estate company Realia, a joint venture between Fomento de Construcciones y Contratas (FCC) and Caja Madrid, is selling 5% of its French unit Sociedad SIIC to Dos Mil Doscientos Uno, for EUR 36 mln. The stake is being sold at a price of EUR 366 per share, which compares to EUR 300 per share that Realia paid last year when it bought 87% of SIIC.
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.
