UK property developer Development Securities has unveiled a fully underwritten share issue to raise proceeds of around £100 mln (EUR 117 mln). The company said the anticipated net proceeds of approximately £94 mln will be used to capitalise on opportunities early in the property development cycle and enhance the Group's investment portfolio.
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.
