Spanish bank Caja de Gipuzkoa y San Sebastian (Kutxa) has increased its stake in the Valle Romano tourist development from 50% to 100%. The Spanish bank has bought the project, located in Estepona, near Malaga in southern Spain, from real estate and financial services group Meyluna. Kutxa paid around EUR 100 mln, newspaper Cinco Dias reported.
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.
