Immochan, the real estate subsidiary of Grupo Auchan, intends to invest EUR 50 mln in Alegro Alfragide shopping centre. The project consists of renovating the Jumbo supermarket, opened in 1988. Completion is due for the end of 2007. The project covers an area of 109,000 m[sup]2[/sup] and includes 1,700 parking spaces.
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.
