Italy's Banco Popolare has transferred part of its property business, including EUR 320 mln of real estate properties, to its Immobiliare BPV real estate unit. The subsidiary is to change its name to Immobiliare BP. Auditing firm KPMG has valued the business at EUR 720 mln.
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.
