Jelmoli has begun legal proceedings against the Israeli-led consortium that pulled out of the EUR 2 bn deal to buy a portfolio of 88 properties from the Swiss department store group. AIM-listed Delek Global Real Estate (DGRE) confirmed on Wednesday that it received notification on 31 December of the commencement of arbitration proceedings.
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.
