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Investis closes CHF108M takeover of Swiss property company

Investis Holding SA completed its CHF108 million takeover of Geneva-based property company Société d'investissements immobiliers SII SA.

The acquisition, announced in December 2017, closed Feb. 1 as planned. The deal adds 10 residential properties to Investis' portfolio of residential properties in the Lake Geneva region, which, as at June 30, 2017, was worth about CHF1.04 billion.