Rodamco Europe, the largest listed property investment and manager in the retail sector in Europe, entered Russia for the first time at the end of December with the acquisition of 50% of the Metropolis shopping centre development in Moscow from developer Capital Partners. The mall comprises 80,000 m[sup]2[/sup] of gross lettable area (GLA) and Rodamco said the value of the 50% stake is about EUR 200 mln.
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.
