Boetzelen Real Estate, a German investor in retail properties, has announced it is preparing for its initial public offering. It intends to seek a listing on the official market segement of Frankfurt Stock Exchange before the end of the half half of 2007. The IPO proceeds will be used primarily for growing the company's real estate portfolio.
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.
