Unitech, India's largest publicly traded real estate firm, has placed 360 million ordinary shares at 100 pence each with investors in its initial public offering on the London Stock Exchange's Alternative Investment Market. Deutsche Bank has been granted an over-allotment option to sell up to a further 54 million ordinary shares at the offer price. Unconditional dealing in the shares will begin on 20 December.
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.
