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Investis buying Swiss real estate company for CHF 108M

Investis Holding SA agreed to pay CHF 108 million to acquire Société d'investissements immobiliers SII SA, a Swiss real estate company holding a portfolio comprising 10 residential properties in Geneva.

Investis paid a CHF 10.8 million deposit for the portfolio Dec. 20, with the deal scheduled to close Feb. 1, 2018. The properties generate CHF 5.6 million in yearly rent, according to a release.