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Budapest-based developer looks to Aim

Ablon, a Budapest-based property developer, has joined the ranks of east European real estate groups looking to raise money in London. The company, which also has interests in the Czech Republic and Romania, could be valued between £250m and £299m if it floats successfully on Aim, the junior market. The past two years have seen an enormous number of IPOs giving investors exposure to central and eastern Europe’s property markets.

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