Australian shopping centre group Westfield confirmed on Tuesday that it has acquired a 2.96% stake in UK shopping centre REIT Liberty International. In a statement, the company said that it had purchased close to 11 million shares in Liberty International in June and July at an average price of 835p. The purchases represent a total investment of £91 mln (EUR 114 mln), it added.
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.
