Kazakhstan property company Chagala has raised $104 mln (EUR 79.35 mln) in an initial public offering (IPO) in London, aimed at further expansion in Kazakhstan. The firm sold 19.7 million global depository receipts at EUR 7.43 each, which is the maximum price in the range used to market the sale, researchers at merchant bank Kempen & Co said. Chagala may increase the offer by EUR 12.2 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.
