The Belgian government plans to raise between EUR 200 mln and EUR 250 mln through the sale of office buildings in a sale-and-lease back agreement, Belgian newspaper De Tijd reported. The government will retain a 10% stake in the sold buildings. The transactions are expected to close before the elections in June 24, 2007.
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.
