German residential property company Vivacon has announced the sale of 3,900 apartments worth EUR 180 mln to a Scandinavian investor. Vivacon said the transaction underlined the continuing interest international investors have in the German market despite the current uncertainty in the equity markets caused by the subprime crisis.
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.
