Italian institutional investors are expected to increase their allocations to real estate from 6.9% to 7.6% over the next three years, according to a survey by INREV, the association for the non-listed real estate sector. This will lift the overall value of the Italian real estate allocation from EUR 38.5 bn to EUR 49.5 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.
