German property giant IVG has readily available liquidity and unused credit lines of over EUR 1.3 bn, company directors Wolfhard Leichnitz and Bernd Kottmann informed shareholders in a letter last week, according to trade journal Immobilien Zeitung. The two executives are also counting on proceeds of over EUR 1 bn from IVG’s listing as a real estate investment trust (REIT) this year.
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.
