Spanish property company Colonial said its merger with peer Inmocaral group was approved by both boards with an agreement for a share swap of 40 Inmocaral shares valued at EUR 0.12 each for every three Colonial shares valued at EUR 3, Spanish newspaper Cinco Dias has reported.
Singapore's Mapletree Investments has acquired 31 student housing assets in the UK and Germany from Cuscaden Peak Investments for £1 bn (€1.2 bn).
