New Europe Property Investments launches on AIM

Investment vehicle New Europe Property Investments (NEPI) has launched on AIM raising €25.75 million (£17.9 million). More than 12.8 million shares were placed, with the market capitalisation set at the raised amount.


Property group Eatonfield to buy former NHS site

A group that specialises in buying properties for redevelopment is to acquire a former hospital site in Lanarkshire.


Property search engine gets VC backing

Extate.com, a search engine which aims to rival Rightmove in its coverage of the UK property market, has won equity funding from a number of venture capital (VC) backers.


£1 million boost for Moveme.com

Moveme.com, a website dedicated to moving house, has attracted £1 million from investors including Brent Hoberman, The Accelerator Group and Advent Venture Partners.


Lyceum Capital backs SPI

SPI, which provides building services such as installation and repair to the social housing sector, has received funding from private equity firm Lyceum Capital. Lloyds TSB supplied debt.


Touchstone deal for NVM

Residential property manager Touchstone Asset Management has acquired rival Castle Group, with the aid of a £3.5 million investment from Northern VCT series operator Northern Venture Managers.


Pactolus heads for Budapest

AIM’s recent infatuation with Eastern European property companies is set to spread still further in the coming weeks, as Budapest-focused Pactolus Hungarian Property readies itself for flotation.


Johnson plans property float

Entrepreneurial property developer Christopher Johnson, whose previous venture Honeygrove was bought by Oakdene Homes in 2004 for £9.5 million, is lining up an AIM comeback through Kent-based Chequer Homes.


Sofia so good for Lewis Charles

Hot on the heels of The Black Sea Property Fund and Orchid Developments, The Lewis Charles Sofia Property Fund has become the third company to announce plans to float on AIM and seek out property investments in Bulgaria inside of four months.


Toys for the boys and girls…Property overseas

You may not be able to afford a Caribbean island like Sir Richard Branson, or Philip Green’s palatial Monaco residence, but there are plenty of other areas where you can stake your property claim.