Aareal Bank has sold another portfolio of sub- and non-performing loans (SPLs/NPLs) to Merrill Lynch's Global Principal Investments for an undisclosed sum. Under the deal, Merrill Lynch has acquired loans built up by approximately 250 residential and commercial properties.
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.
