The UK arm of GE Real Estate has acquired two office properties in London for about £25.1 mln (EUR 37 mln. Commercial Property News reported that GE Real Estate bought 4 Tenterton Street, near Hanover Square in the West End, for £17.6 mln from Scotts Ltd. and 16-18 New Bridge Street in the City for £7.5 mln from Redab Properties. Both office buildings, vacant by year's end, will be substantially refurbished.
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.
