AIM-listed property investment company Wichford has announced it will place 35.4 million shares at 212 pence a piece to raise EUR 111 mln (£75 mln) to expand its portfolio in the UK and to fund acquisitions in continental Europe. Chairman Michael Sheehan said the company had decided to enter the property market in the rest of Europe because interest rates in the eurozone are lower than the equivalent sterling rates.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
