UK property investor Sponda said on Thursday it had cut its stake in Finnish property manager Ovenia to 45% from 70%. Sponda said it sold its shares to Ilmarinen's Suomi-rahasto I Ky private equity fund, which is managed by OKO Venture Capital, and to members of Ovenia's management. No financial details were disclosed.
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.
