St Martins Property, the UK-based property development and investment company, has agreed to buy Cevahir shopping centre in Istanbul for about EUR 750 mln. Cevahir, Europe's largest shopping centre, opened at the end of 2005. The six-storey mall has 320 units, which are let to national and international retailers, together with a 14-screen cinema, a bowling alley and a 'Disney Centre'.
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.
