US-based GE Real Estate has announced the creation of a new listed property company under the name of IPBM. François Trausch, president of GE Real Estate France, has been appointed president of the Board of Directors. Marc Henrion, manager of the corporate acquisitions and shareholdings department at GE Real Estate France and a director of IPBM, has been appointed managing director.
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.
