|£86m 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 final equity fundraise for Empiric under its Share Issuance programme, and the fifth undertaken by Akur, was heavily oversubscribed. The roadshow took place over three weeks it took the Company’s market capitalisation above £400m.