Spanish property firm Tremon has scrapped its planned initial public offering (IPO) because investors are not willing to pay the offer price. The company postponed the IPO on two previous occasions in the hope of achieving better conditions. But Tremon has now decided that the listing cannot go ahead in the current climate as 'the discount requested by investors doesn’t correspond to the company's true value'.
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.
