Spanish businessman Joaquin Rivero is stepping down as CEO of French real estate investment trust Gecina but will remain on as chairman. Rivero's resignation from the day-to-day management comes after Gecina's board decided not to implement a plan to demerge from Spanish property company Metrovacesa.
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.
