Pendragon, the UK-based car dealership, plans to raise £238.9 mln to reduce debt through a sale and leaseback deal of 81 of its properties to a joint venture owned by the Pendragon Group and NWPI. There will also be a five-for-one stock split.
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.
