US private equity firm Cerberus Capital Management is reportedly preparing to launch a rival bid for Equity Office Properties (EOP), the largest office landlord in the US. The prospect of a bidding war is the latest twist in a saga which began in November when EOP, part of the empire of Chicago-based real estate billionaire Sam Zell, agreed to a takeover bid of more than $36 bn from buy-out firm Blackstone.
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.
