Shares in Spain's largest property company Colonial soared by as much as 13% on Monday after the company's two main shareholders agreed to sell their interest to a Dubai sovereign wealth fund if it makes an offer. Colonial shares were up 9.7% at EUR 1.69 in Madrid trading in the early afternoon.
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.
