New property company set for AIM flotation next month

A new property company with substantial Irish interests is set to be floated on the Alternative Investment Market (AIM) in London in November. The company is expected to be valued at stg£150 million (€220 million).

The venture will be chaired by Irishman John Rowan, the former managing director of Anglo Irish Bank in Britain.

Rowan is believed to have helped to put together a number of promoters, including the English-based property developers David ...