£110m equity fundraising on the London Stock Exchange
About the client:
Tritax Big Box is a leader in UK Big Box real estate investment and is the first listed investment company to give pure exposure to the Big Box asset class in the UK – advised by Akur since 2012
About the transaction:
This fundraise was the first of the Share Issuance Programme, and immediately following the closing of the fundraise the Company acquired a series of substantial logistics assets across the UK including assets let to L’Oreal and Ocado
£65m equity fundraising on the London Stock Exchange
About the client:
Empiric Student Property plc is an internally managed real estate investment trust (“REIT”) investing in modern, direct-let, premium student accommodation, both standing and development assets, with a focus on quality and with assets in prime central locations in top university cities and towns in the UK.
About the transaction:
This fundraise represented the first of a 12 month Share Issuance Programme which comprised the authority to issue 300m shares in the company. A new tripartite prospectus was published as part of this programme. Immediately following this fundraise the Company acquired a series of assets in Exeter, Leeds and Glasgow.
Public takeover of Rugby Estates Limited (formerly Rugby Estates plc) by Lingfield Properties Ltd
About the client:
Lingfield Properties Ltd is a family owned, property investment company, which has invested in a number of property and property-related businesses in UK and Europe since 1989, capitalising on a varied range of opportunities.
About the transaction:
Lingfield acquired the entire issued share capital of Rugby Estates Ltd, a formerly AIM listed property investment company, through a recommended cash offer under the Takeover Code. The transaction facilitated a final exit for Rugby Estates shareholders while Lingfield acquired the existing cash balances and the remaining lease on a Mayfair property at an attractive valuation.
£150m equity fundraising on the London Stock Exchange
About the client:
Tritax Big Box is a leader in UK Big Box real estate investment and is the first listed investment company to give pure exposure to the Big Box asset class in the UK – advised by Akur since 2012
About the transaction:
This fundraise coincided with a move to the Main Market of the London Stock Exchange, and a cancellation of its Channel Island listing. It allowed the Company to acquire assets let to tenants such as Tesco, DHL, and Rolls-Royce.
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