St Martins Property, the UK-based property development and investment company, has agreed to buy Cevahir shopping centre in Istanbul for about EUR 750 mln. Cevahir, Europe's largest shopping centre, opened at the end of 2005. The six-storey mall has 320 units, which are let to national and international retailers, together with a 14-screen cinema, a bowling alley and a 'Disney Centre'.
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.
