French property group Affine has reduced its net loss to less than EUR 3 mln in 2009 from over EUR 37 mln a year before. In the course of last year, the company's portfolio shed nearly 5% of its value, mostly in the first half, and is currently worth just over EUR 1 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.
