Fonciere Developpement Logements (FDL) said that it has completed several previously announced property transactions in France and Germany for a total investment volume of EUR 500 mln. Last July, the company said it was buying 1,086 residential units in the Paris region for about EUR 398 mln, reflecting a yield of 4.5%. The properties generate a rent of EUR 18 mln per annum.
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.
