Italian listed property company Risanamento has unveiled a new strategic plan to improve its cash resources and to guarantee that the group's financial needs will be met. The plan, which is currently being analysed by its creditor banks, envisages the transfer of its flagship Falck project in Milan's Sesto San Giovanni to a fund managed by Castello SGR and controlled by the company's creditor banks.
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.
