Paris-based bank Groupe Banque Populaire (GBP) has agreed to acquire a 60.93% stake in the property management company Foncia Groupe for around EUR 800 mln. Banque Popularie, France's fifth-largest bank, is acquiring the shares from the founder Jacky Lorenzetti and his family holding company SEIP, which will retain about a 7% stake. Lorenzetti will remain ceo of the group.
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.
