Jerusalem Economic Corporation (Jec) has acquired seven properties in a sale-and-leaseback transaction in Northern France for almost EUR 72.8 mln. Israeli financial newspaper Globes said the 221,500 m[sup]2[/sup] portfolio was bought from a major manufacturing company and generates a annual rental income of EUR 6.6 mln. The unidentified seller is leasing back the properties for a 12-year term.
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.
