Telecoms firm KPN has agreed a sale-and-leaseback transaction with private investors in relation to a 18,000m[sup]2[/sup] office and telephone exchange building in the Dutch city of Leeuwarden. KPN is to lease the property back for seven years after which it will be redeveloped. The financial details of the transaction were not disclosed.
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.
