Private equity group MGPA is understood to have abandoned plans to purchase Broadgate in the City, the Independent on Sunday newspaper has claimed. The sale reportedly collapsed as MGPA failed to find a partner for the investment. The newspaper said the private equity firm had approached the Abu Dhabi sovereign wealth fund to partner in the acquisition, but has not been successful.
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.
