French property company Icade said it has signed a preliminary agreement with Procivis Immobilier to sell its property management business, Icade Administration de Biens. The two companies entered into exclusive negotiations at the beginning of April, the French REIT added.
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.
