UK real estate firm Development Securities has announced that has completed its fully underwritten share issue to raise £100 mln (EUR 116.5 mln). Development Securities said it received valid acceptances in respect of 14.4 million, or 57.7% of the open offer Shares from shareholders. The remaining 10.6 million shares were subsequently allocated to institutional investors.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
