News Column

Clipstone IPO to raise £150m

July 8, 2014

KASMIRA JEFFORD



A LOGISTICS real estate investment trust is seeking to raise an initial 150m in a listing on the London Stock Exchange as it looks to tap into the boom in UK online retailing.


Clipstone Logistics Reit confirmed yesterday that 72m of properties would be acquired upon admission, of which the majority were ware-houses let to retailers such as TK Maxx. Following the deal, Clipstone will have around will have an estimated 75m of equity to invest.


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Source: City A.M. (UK)


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