UK REIT Hammerson has a made a recommended £3.4 bn (€3.86 bn) offer for an all-share takeover of its smaller peer intu, in a deal which would combine the two largest UK retail REITs to create a group with a £21 bn (€23.8 bn) pan-European portfolio.
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.
