Brandeaux confirms £1bn student property IPO

clock

Brandeaux is plannning to float the portfolio of its Student Accommodation fund in a bid to help meet redemption requests.

The assets, valued at £1.1bn as of 30 April, are to be acquired by Liberty Living, a brand owned by Brandeaux, then floated on the London Stock Exchange. The flotation will allow the fund "to create liquidity for its shareholders who want to redeem their investment and provide a structure to facilitate future redemptions," the company said. The move follows Brandeaux's July 2013 suspension of its range of open-ended funds, following a period in which it had failed to meet redemption requests. The group will aim to be "a leading UK student accommodation income-oriented real estate i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Alternative Investments

Democratising finance: Alternatives and the role of financial advisers

Democratising finance: Alternatives and the role of financial advisers

The array of alternative investments is vast

J. Womack
clock 13 September 2023 • 3 min read

Andrew Aldridge: Vaccine roll out sees life science investment prospects shoot up

Andrew Aldridge

Andrew Aldridge
clock 11 March 2021 • 4 min read

Oliver Wallin: Five top tips for investing in alternatives

'Alternatives reality'

Oliver Wallin
clock 01 February 2019 • 7 min read