Sovereign wealth funds, Singapore's GIC and Saudi Arabia's PIF have joined forces with French investors Credit Agricole Assurances and Amundi as well as US asset manager Colony NorthStar to take a majority share in AccorInvest, the hotel ownership division of French hospitality giant AccorHotels.
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.
