Belgian property redevelopment company Banimmo has raised its EUR 55 mln target, excluding the over-allotment option, in an early closing of its Initial Publuic Offering (IPO). The capital increase involves the issuance of 2.6 million new category A shares with tax-friendly VVPR strips, valued at EUR 21 per share. On completion of the transaction, Banimmo's equity is valued at EUR 236.7 mln.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
