Property share sales hit by 'investor apathy'

Three property share issues have been hit this week in the face of investor apathy. Spanish developer Reyal Urbis has decided to call off a share sale planned for end-June because of unfavourable market conditions. 'At the moment, the market doesn't discriminate in an adequate fashion between the different segments, business models and companies that make up the sector,' the company said on Wednesday. The planned offering was expected to raise up to EUR 800 mln.

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