Troubled Canadian retailer group Hudson's Bay has sold its flagship Lord & Taylor property on Fifth Avenue in New York to WeWork Property Advisors for $850 mln (€645 mln), and inked an agreement allowing flexible office concept WeWork to leverage its global property platform, including assets in Germany and Belgium.
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.
