French retailer Carrefour has announced that its joint venture with Sasbanci in Turkey has sold a plot of land in Istanbul for EUR 267 mln to a joint venture between Apollo Real Estate and Multi Turkmall. The buyers will develop a Carrefour hypermarket on the site, which is expected to open in 2010.
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.
