MAS Real Estate says it will go to market next month to raise capital to fund its plans for its accelerated growth plan in the UK and Continental Europe.

Net asset value of MAS Real Estate’s property interests is set to exceed EUR100m‚ thanks to its acquisition of Attacq’s interest in its two Karoo investment funds.

ALTX-listed MAS Real Estate — the Western European property play backed by South African developer Atterbury and life assurer Sanlam — has increased its presence in Scotland with the acquisition of a large tract of development land in the heart of Edinburgh’s historic city centre.

AltX-listed MAS Real Estate is starting to look a lot more interesting now that its market cap has reached R1bn.

MAS Real Estate, a Europe-focused property investment company listed on the AltX, on Thursday reported net operating income of €2.1m for the year to February 2013, from €606,000 in the previous corresponding period.

MAS Real Estate‚ a Europe-focused property investment company listed on the JSE’s AltX‚ says it would raise up to 34.2 million euros in SA‚ the British Virgin Islands‚ Europe and the Isle of Man through a private placement.