Thursday, 2 June 2005 IFEX NV’s associate company Fundus Plc expects that introduction to listing on OFEX market will be completed first week July The chairman of Fundus Plc has informed IFEX NV that it is intended to introduce the Company to the OFEX market in London by the first week in July 2005, subject to the completion of the statutory and revenue clearances which the company needs to obtain to complete the listing. Fundus Plc will make a further detailed statement following its introduction to OFEX and thereafter to comply with its regulatory obligations.
Recently, Fundus Plc has entered into a memorandum of understanding to structure and arrange the debt financing for a 500m Euro property company in the Gulf States. In addition, Fundus Plc is currently undertaking due diligence on three other transactions in Switzerland, Germany and France with an aggregate value of 200m Euros.
Fundus Plc reports that they are also progressing well in the structuring of a European Property Company which will be listed on a European Stock Exchange.
IFEX presently holds 32.5% of the issued share capital of Fundus Plc and is classified as an associate company. About Fundus Plc : Based in London, Fundus Ltd’s core business is the facilitation of 100% financing for the European real estate sector as well as providing sophisticated financing solutions, including:
- Short and Medium Term Financing (debt and equity) - Mezzanine Finance - Real Estate Bond Syndication - Warehousing for Real Estate Funds - Sourcing Stock for Private Investors - Real Estate Asset Management
In the short to medium term Fundus Ltd aims to build a pan-European real estate financing organisation by establishing special collaboration agreements and linkages with professional alliance partners.
In early 2004, Fundus Plc established a property advisory agreement with Colliers Capital UK Limited, a wholly owned subsidiary of Colliers CRE plc (listed on the AIM market of the London Stock Exchange) that holds the Colliers International licence for the UK. Colliers Capital provides independent property investment advice and corporate advisory services within the real estate sector. Colliers International is a global partnership of commercial real estate service companies which have 238 offices in 51 countries. Colliers International provides clients with a comprehensive range of property services, including investment sales, office/ retail/ industrial/ residential sales and leasing, corporate real estate services, valuation and advisory services, research, mortgage finance, and hotel sales. |