4th Jul 2018 11:12
LONDON (Alliance News) - Tritax Eurobox PLC said on Wednesday it has raised GBP300 million in in its initial public offering to list on the Main Market of the London Stock Exchange.
300 million shares were issued at a price of 100 pence per share and was oversubscribed beyond the maximum size. As a result, a scaling back exercise has been undertaken.
Proceeds from the IPO will go towards acquiring a portfolio of Continental European logistics real estate assets, diversified by geography but focused on major population centres and logistics terminals.
The trust is managed by Tritax Management LLP, which also is the investment manager of FTSE 250-listed Tritax Big Box REIT PLC. Logistics Capital Partners and Dietz Asset Management GmbH will act as asset managers to Tritax Eurobox.
Jefferies International Ltd and Kempen & Co NV have been appointed as joint financial advisers, bookrunners and global coordinators, while Scott Harris UK Ltd is acting as the intermediaries offer adviser.
The trust is expected to list on July 9.
"We are delighted with the strong response from a broad range of high quality investors to our initial public offering. We have a strong, identified pipeline of high quality, large scale logistics assets let to institutional grade tenants and we will now work towards deployment of the net proceeds providing our new shareholders with secure income and an attractive capital return," said Chairman Robert Orr.
Related Shares:
Tritax Big Box