Valencia-based property company Llanera is to sell a large plot of land for EUR 55 mln to the Spanish savings bank Bancaja. The sale is part of a move by the 0Spanish property firm which filed for protection from creditors two months ago to cut its EUR 700 mln debt to just EUR 200 mln.
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.
