Little noticed amid the wealth of publicity surrounding the initial public offering of insurance broker Direct Line this week, European property firm PointPark Properties announced its plans to list in the UK, with Deutsche Bank taking the lead role.

In a regulatory filing on Tuesday, PointPark announced plans to raise £250m on the London Stock Exchange. Deutsche Bank is operating as sole adviser, with Credit Suisse and the German bank acting as joint global coordinators and joint bookrunners.