French property company Klepierre said it has successfully completed a capital increase launched at the beginning of November to refinance the acquisition of the Scandinavian shopping centre group Steen & Strom. Klepierre has raised gross proceeds of EUR 356 mln via the issue of almost 24 million new shares. Total demand amounted to 32 million shares, reflecting a subscription rate of 139%, the company said.
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.
