Banco Santander, Spain's largest bank, has sold its head office in Madrid to British investor Propinvest for EUR 1.9 bn in a sale-and-leaseback deal. Banco Santander, which acquired ABN Amro Bank last year together with Fortis and Bank of Scotland, will lease the building back for a period of 40 years.
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.
