The Matrix Group is planning to list its £300 mln European portfolio on the London stock exchange in May 2007. The Guernsey-registered open-ended fund aims to raise about £150 mln by selling shares prior to the listing. Its investment unit Matrix European Real Estate Investment Trust (MEREIT) is expected to have a market cap of £230 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.
