National Grid said on Friday that it has decided to cancel the £700 mln sale of its UK property portfolio because it did not receive high enough bids. The UK power network operator said the bids received for its property business, National Grid Property, did not match the value it believes can be extracted from the business.
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.
