French real estate company Societe de la Tour Eiffel is in talks to acquire the property group Parcoval for EUR 110 mln. The firm owns six business parks providing some 80,000 m[sup]2[/sup] and 30,000 m[sup]2[/sup] of build-on land. The transaction should generate rents of about EUR 8 mln per annum, French newspaper Business Immo reported.
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.
