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Agua Terra floats on AIM
Mon, 01 Dec, 2008
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Agua Terra floats on AIM
Fri, 3 Oct 2008, 08:04:00
<b>Agua Terra</b>, a developer and operator of leisure real estate projects in Greece and Cyprus, started trading on AIM this morning.<br /><br />On admission, the company will have 4.53m common shares in issue and a market capitalisation of €9.01m.<br /><br />"The supply of carefully designed and executed master-planned developments in Southeast Europe continues to be very limited. This is particularly true for the premium segment of the market where the region is emerging as a popular destination for affluent Russians and Middle Eastern buyers," said chief executive Markos Kashiouris.<br /><br />"With our first development in Mykonos and by utilising our strong in-house development expertise and the Sotheby's International Realty branding and global distribution network, we look forward to launching the company as the first AIM quoted developer for premium real estate in the region," he added.
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