Peugeot Invest completed the acquisition of a 5% stake in SIGNA Development Selection, an investor and owner of shares in classical real estate developments, for €75m ($92m). "We have been a shareholder of SIGNA Development’s sister company SIGNA Prime for two years, which is dedicated to prime retail and office real estate in the heart of city centers with a portfolio worth over €16bn. The real estate team has demonstrated its agility and ability to find new and attractive development opportunities. By supporting the growth of SIGNA Development, dedicated to property development, we increase our exposure to those markets, with an additional business line offering significant value creation," Robert Peugeot, Peugeot Invest Chairman.