Dolphin Capital Investors, which develops resorts in south-eastern Europe, is to carry out a £250m share placing just two months after raising £203m. Financial Times

Dolphin said the £250m should be fully committed within the next 12 months and that it had identified about €850m (£575m) of potential investments, of which €250m involved extensions of existing projects.

The AIM-listed company invests in real estate in Greece, Cyprus and Croatia. In April it bought Aristo, the biggest private developer in Cyprus.

Dolphin was set up by former directors of Soros Real Estate Partners Miltos Kambourides and Pierre Charalambides.