International investment and specialised fund and asset management group Babcock & Brown has formed a joint venture with a European high net-worth investor. 'The divestment represents approximately EUR 233 mln of the EUR 750 mln in real estate held for sale,' said Eric Lucas, global head of real estate at Babcock & Brown.
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.
