Germany's DIC Asset announced on Wednesday that Solvia Vermögensverwaltung has joined as a new strategic investor through the purchase of a nearly 5% stake. DIC Asset, which operates in the German commercial real estate market, has sold 1.5 million shares acquired from the recently-completed buyback programme to the private asset manager for around EUR 10 mln. The shares were sold at a a price of EUR 6.50 each.
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.
