Date: |
July 2015 |
Deal Size: |
£75m equity fundraise 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, the fourth equity fundraise for Empiric since Akur led its IPO in June 2014, was significantly oversubscribed at the upper level of the range. A roadshow took place over four weeks and new shareholders in this raise included Asset Value Investors, it took the Company’s market capitalisation above £300m. Immediately prior to this fundraise Empiric joined the FTSE All Share index. |
Lead: |
Tom Frost |