Berkeley Homes, the English housebuilder, has rejected the proposal of a merger with its smaller rival Bovis, according to sources within the company. The all-share deal had been urged by the investment company Schroders, which is Bovis’s biggest shareholder.
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.
