Troubled German property company Vivacon has confirmed that four of its subsidiaries have filed for insolvency at the local court in Cologne. The four subsidiaries are focused on residential properties in Salzgitter and Kassel, and account for almost 4,000 of the 10,000 residential units held by the Vivacon group.
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.
