Property adviser Savills said on Thursday that it will seek to realise cost savings of £20 mln (EUR25 mln) in 2008 as pre-tax profits and revenues for the first six months of the year slid mainly as a result of the market downturn in the UK and Europe.
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.
