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