Electronics manufacturer Philips has sold an 11-hectare site in Mans, Western France, to local authorities, Communauté Urbaine Le Mans Métropole. The financial details of the transaction were not disclosed. The site comprises 20,000 m[sup]2[/sup] of office space and 25,000 m[sup]2[/sup] for office/logistics use, which is currently being redeveloped. Philips was advised by JLL and law firm KL & Associés.
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.
