Italian insurer Generali's property arm has announced that it has reached an agreement with Spanish operator Meliá Hotels International for the redevelopment of a Gran Meliá five-star luxury hotel in Milan's central Piazza Cordusio square, near Piazza del Duomo.
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.
