Frankfurt-listed Hypo Real Estate has expressed confidence that the European Commission (EC) will rubber stamp the German government's multi-billion euro support for the ailing property lender. Hypo Real Estate was reacting to the news that the EC has initiated a formal investigation to ascertain whether the government's 'restructuring support' is compatible with EU law on state aid for commercial companies.
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.
