Listed real estate investment company Swiss Prime Site (SPS) has made an unsolicited offer for all the shares in its largest rival, Jelmoli Holding. SPS said the proposed takeover would create an undisputed Swiss leader in real estate with a balanced portfolio valued at CHF 8 bn (EUR 5.3 bn).
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
