German IVG Immobilien is planning to raise EUR 400 mln by selling convertible bonds to finance further acquisitions, IVG informed in a press release issued on Tuesday. The bonds, with a maturity of 10 years, will be convertible into about 11.6 million shares for each bond.
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.
