Reyal Grupo, Spanish property group, intends to invest EUR 350 mln in the construction of 196 homes, a five-star hotel and a shopping centre at Paseo de la Castellana, in Madrid. The project, named Castellana 200, is likely to be completed in the end of 2009, said Rafael Santamaria, manager of the company. Castellana 200 will cover an area of 41,757 m2, with another 28,600 m[sup]2[/sup] reserved for parking spaces.
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.
