German property investment company IVG Immobilien said it plans to launch a real estate investment trust (REIT) through an initial public offering early next year. The future REIT would be made up of German office properties worth around EUR 3.5 bn, IVG said in a statement. It will hold a majority interest in the vehicle and float at least 25%.
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.
