AIM-listed property investor European Convergance Development Company (ECDC) plans to to update its company registration to allow it to return capital to shareholders and buy back its shares. The company, which is managed UK-based investment manager Charlemagne Capital, said it plans to re-register as a company governed by the latest Isle of Man Companies Act.
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.
