Ciref, the property investment fund, this week announced that it plans to float on AIM by early May.

The Jersey-based fund hopes to raise £35m through a placing of new shares, with the intention of cutting debt and making further investments in both the UK and Europe.

Mike Watters, Cirefs managing director said: "CIREF already has a very strong portfolio of investments and development opportunities. The money that we raise and the visibility afforded by AIM will allow us to expand and apply our active management strategy to additional opportunities in the UK and throughout Europe. This is a very exciting time for the company and we are looking forward to joining AIM, the world’s most successful market for fast growing companies."