£54m 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 entity 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 final piece of the Company’s share issuance programme, following this successful raise the Company’s market capitalisation now comfortably exceeds £800m. This fundraise also coincided with the entry of the Company into the FTSE250. The funds allowed the company to continue to invest in its target assets across the UK.
This transaction represents the sixth since Akur led the IPO of the Company in December 2013.
£175m 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 entity 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 the inclusion of the Company into the EPRA index – a critical index for REIT investors. EPRA index inclusion is only tested annually – in order to gain entry and to leverage this to assist in this major fundraising the Company had to undertake a significant acceleration of the preparation of its first annual report and accounts.
£85m 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 third undertaken by Akur, and comprised part of its share issuance programme, it was oversubscribed at the top end of the range, immediately following the fundraise Empiric began an accelerated programme of asset acquisitions in Leeds, Bristol, Exeter and Manchester.
£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
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