Soffin, the German financial market stabilisation fund, will hold 90% of Hypo Real Estate (HRE) following a EUR 2.96 bn capital increase which was approved by a majority of HRE shareholders on Wednesday. The capital raising exercise clears the way for a complete takeover of the ailing property financier, Soffin said in a press release.
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.
