UK regeneration specialist St Modwen plans to raise £102.1 mln (EUR 114 mln) to reduce debt and provide funds for acquisitions. The fund raising involves the placement of 80 million shares at 135 pence each, a discount of 38.4% to the closing price of 219.25 pence per share on 13 May 2009.
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.
