Russian energy company Sibir has acquired two properties in Moscow for a total of $115.4 mln (EUR 89.2 mln) from companies connected to Chalva Tchigirinski, the group's largest shareholder. The company has agreed to acquire the Sovetskaya Hotel in Moscow for $81.7 mln, of which $57.7 mln has already been paid.
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.
