FINANCE: Twelve European real estate IPOs raised €3.94bn (£3.1bn) between 1 January and 15 July, according to financial data specialist SNL.
These include EasyHotel’s float on AIM, which raised £30m in June – only half of its £60m target – and Merlin’s €1.25bn IPO on the Madrid Stock Exchange, the largest-ever European real estate IPO.
Four out of the 12 IPOs took place on the Madrid Stock Exchange. Eight of the companies that floated are classified as diversified, two are hotel specialists, one is multi-family and one, Empiric Student Property, is specialist.
sophia.furber@estatesgazette.com
