PSP Swiss Property is to buy back up to 5% of its issued shares over the next three years. The company said it is opening a Second Trading Line on the SIX Swiss Exchange on 23 October to repurchase up to 2.3 million shares. The buyback programme will run until April 2011 at the latest.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
