Edinburgh-based Cala Properties has acquired the Brandon shopping centre situated on a 80,937 m[sup]2[/sup] site in Motherwell, Scotland for EUR 98 mln and is planning to invest millions in a major upgrade of the mall. Acquired through a joint venture deal with the corporate division of the Bank of Scotland, the retail complex comprises 32,516 m[sup]2[/sup] of one-level retail space and 590 parking spaces.
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.
