Listed German property company IVG Immobilien saw its shares decline by up to 12% during trading in Frankfurt on Wednesday after a negative response from analysts to the company's 2007 results presentation. IVG's shares opened at EUR 20.79 but dropped to EUR 18.55 - the largest decline since 21 September 2001 - in early trading before climbing back to EUR 20.1 by 4pm.
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.
