Real estate firm Sociedade Imobiliaria de Gaia (Simoga) has invested about EUR 60 mln in the purchase of a two-hectare plot of land in Porto, northern Portugal. The company intends to invest about EUR 175 mln on the site to build a mixed-use development, Simoga's commercial manager Maria Massada said in a statement.
London-based real asset merchant bank CBE Capital secured a €95 mln senior loan from Piraeus Bank in Athens.
