UBS has been forced to shelve the initial public offering of German real estate firm Boetzelen, only two weeks after cancelling UK hotel group Vector Hospitality's planned £2.3bn (€3.3bn) flotation.

The Swiss bank, working with West LB and Unicredit, postponed the €150m ($200m) listing due to poor market conditions. Boetzelen is the latest real estate firm to face problems with its listing amid wobbles in Europe's property markets.