Hypo Real Estate (HRE) has taken steps to merge its two Pfandbrief banks - Hypo Real Estate Bank, Munich and DEPFA Deutsche Pfandbriefbank, Eschborn - following approval in early June from the AGMs of both companies. This week, the troubled bank made an official request for the merger at the commercial register in Frankfurt.
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.
