French listed property group Icade has announced plans to merge with its 90%-controlled SIICInvest unit. The merger will take place through the integration of SIICInvest in Icade and is designed to simplify the structure of the group and to optimize its operating costs, Icade said.
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.
