Savills, the UK-listed advisory firm, saw losses at its continental European operations narrow by 14% in the first half of 2012 to £3.5 mln from £4.7 mln in the year-earlier period. However, revenue was up 8% at £31.6 mln thanks to higher income from advisory fees in the Netherlands, Ireland and Paris. Continental Europe currently accounts for just under 10% of total revenue.
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.
