Pontegadea, the property investment vehicle of Spanish retail billionaire and Zara owner Amancio Ortega, has reportedly been selected as preferred bidder to acquire the Adelphi building in London's West End for just under £600 mln (€680 mln).
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.
