£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.
BLN (trading as ThinCats) is the UK’s leading secured business lending platform, having lent a total of £140 million to UK businesses on a secured basis, as at November 2015
About the transaction:
Akur acted as ThinCats’ exclusive financial adviser to secure a major underwriting facility to enable higher frequency and larger loans across ThinCats platform. Following an extensive process, ESO Capital was chosen as lead underwriter on the ThinCats platform, driving significant ramp-up in the scale of the business.
£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.
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