Europe has the biggest exposure to property debt worldwide, accounting for 51% or $126 bn (EUR 92 bn) of the total $245 bn (EUR 179 bn) debt funding gap over the next three years, according to new research from property adviser DTZ. Second in line is Asia Pacific with 29% ($70 bn), followed by the US with 20% ($49 bn).
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.
