(Bloomberg) -- Vector Hospitality Plc, a U.K. hotel
owner, PIK Group, a Russian apartment builder, and Realia Business
SA, a Spanish developer, announced plans today to raise as much as
$8.8 billion in the three biggest initial public offerings by
European property companies.
Vector is seeking as much as 2.5 billion pounds ($4.94
billion) and will use the money to buy 71 hotels, it said in a
statement today. PIK wants to raise up to $2.2 billion to help
finance construction of apartments and offices with 10 million
square meters of space. Realia's owners are looking for as much as
1.28 billion euros ($1.73 billion) to fund acquisitions.
Read more at Bloomberg Stocks News
owner, PIK Group, a Russian apartment builder, and Realia Business
SA, a Spanish developer, announced plans today to raise as much as
$8.8 billion in the three biggest initial public offerings by
European property companies.
Vector is seeking as much as 2.5 billion pounds ($4.94
billion) and will use the money to buy 71 hotels, it said in a
statement today. PIK wants to raise up to $2.2 billion to help
finance construction of apartments and offices with 10 million
square meters of space. Realia's owners are looking for as much as
1.28 billion euros ($1.73 billion) to fund acquisitions.
Read more at Bloomberg Stocks News
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