Four of the world's largest banks are teaming up to launch the first US commercial property derivatives market. The lenders, including Credit Suisse, Goldman Sachs, Merrill Lynch and Bank of America, will work together with the National Council of Real Estate Investment Fiduciaries (NCREIF) to create a trading platform with the potential to grow to $26bn, newspaper The Financial Times has reported.
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.
