Scandinavian Property Development (SPDE) said on Thursday it had abandoned the EUR 25 mln purchase of the Haugesund Arena development project from Flotmyr Utbygging. The company cited ‘uncertainty regarding the development and construction costs’ of the project as the reason for the withdrawal.
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.
