Iberdrola Inmobiliaria, a subsidiary of the second largest Spanish electric company, and Portugal's Caixa Geral de Depósitos, through Imocaixa-Gestao Imobiliária, have signed a joint venture agreement on investment and development projects in the Portuguese real estate market.
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.
