Cresa Patrimonial, the largest shareholder in Spanish property giant Metrovacesa, has played down a newspaper report that suggested it is preparing to make a bid for 100% of the company. Cresa sent a statement to Spanish stock market watchdog CNMV to say it had no intention of launching a further bid for Metrovacesa 'for the time being'.
Finnish real estate manager Sirius Capital Partners, through a recently formed affiliate, has purchased a portfolio of four residential buildings in Helsinki, Finland.
