Stam Europe's new investment fund Stam REI III has reached its first closing. The value-added fund has raised equity from 14 investors including UK, Dutch and Irish pension funds and now has a war chest of some EUR 700m, Stam said in a statement issued during MIPIM in Cannes.
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.
