Spanish property group San Jose has sold a 12% stake in real estate company Parquesol to Labaro for EUR 22.50 per share. The sale, for a total EUR 107 mln, cuts San Jose's stake in Parquesol to just under 51%. In a statement, Parquesol said the transaction was aimed at including long-term partners who can contribute to the domestic and international development of the firm.
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.
