||£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.