There is growing evidence that the PIIGS can fly: shortage of product and strong investor demand are driving growth in the commercial real estate sector in the five countries the acronym refers to - Ireland in the north-west, Spain, Italy and to a lesser extent Portugal and Greece.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
