Finnish real estate manager YIT has acquired two residential plots in St Petersburg by purchasing the shares in a company that owns the land for EUR 37 mln. The plots, measuring a total of 46 hectares, are zoned for housing and YIT said construction of buildings with more than 15,000 residential units is due to start in 2008.
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.
