Two property managers are hoping to raise as much as £450m (€666m) between them for listed funds investing in European property in the next few weeks, as investors from mature property markets increasingly look to the continent for diversification.

Invista, an £8.6bn real estate manager bought out of Insight Investments in June last year by its management, is looking to raise £166m for a portfolio of 10 properties in seven European countries, primarily in France and Germany.