LONDON -(Dow Jones)- Lewis Charles Romania Property Fund Monday announced its intention to list on AIM on July 31.
The fund's objective is to generate capital gains by investing in both residential and commercial property in Romania.
The life of the fund is intended to be six years but may be extended by up to a year at the discretion of the directors on the advice of Lewis Charles Securities, the manager of the fund.
The company will be an active investor and its preferred method of investment will be through partnerships with developers. It expects that such partnerships will usually take the form of a development management agreement or a joint venture with a developer. Investments will be limited to Romanian residential and commercial property.
The number of shares to be issued and the amount the company is seeking to raise is to be confirmed.
The company's nominated adviser and broker is Canaccord Adams.