Lewis Charles Romania Property Fund commenced trading on the Alternative Investment Market of the London Stock Exchange on Thursday after a placing of 20 million shares raised about £25 mln (EUR 37 mln).

Lewis Charles Romania Property Fund commenced trading on the Alternative Investment Market of the London Stock Exchange on Thursday after a placing of 20 million shares raised about £25 mln (EUR 37 mln).

The fund is a closed-ended, Guernsey registered limited company with an initial lifespan of six years. In a statement, Lewis Charles Romania said it is in active negotiations to invest in various residential and commercial developments in its target country. The initial focus will be on three properties: a retail property development at Ploiesti, a residential development at Mogosoaia and an office development at Otopeni.