Riofisa is in advanced talks to acquire a property company in Central Europe, Spanish national newspaper El Pais has reported, citing the financial manager Miguel Rodriguez. Riofisa, Spain's largest shopping centre developer, wants to acquire a company abroad to expand in Europe and an agreement may come in the first quarter of 2007.
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.
