City Developments Limited (CDL), a development firm controlled by Singaporean billionaire Kwek Leng Beng, is close to an agreement to acquire the 35% of shares it does not already own in London-listed Millennium & Copthorne Hotels, after offering £776.29 mln (€872 mln) for the remaining stake.
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.
