SyndicateRoom, an online investment platform, is offering its members the option to participate in the initial public offer (IPO) of AEW UK Long Lease Real Estate Investment Trust (REIT), on the main market of the London Stock Exchange (LSE). The REIT is currently open for investment on SyndicateRoom and will close on Sunday 28 May. SyndicateRoom always offer terms for retail investors that are the same given to institutions.
AEW UK Investment Management, the British subsidiary of AEW Global based in the USA, is hoping to raise up to £150 million with the IPO in June. Shares are priced at 100p, with AEW targeting an annual dividend of 5.5 pence per share. The intent is for this to be paid quarterly, once fully invested and levered, with an ambition to grow in future years in line with inflation.
The REIT will be managed by the same team behind the £126 million AEW UK REIT, which launched in 2015. The long lease REIT will target unexpired leases that are over 18 years in length and have inflation-linked rent reviews. The objective is to target alternative markets, leisure, healthcare, education, hotels, student accommodation, supported living and automotive and a diverse range of geographies, properties and tenants.
“When we started SyndicateRoom in 2013, we had one goal in mind: allow our investors to invest in a diverse portfolio of equity opportunities on the same terms as the professionals leading those rounds,” explains SyndicateRoom CTO and co-founder Tom Britton. “With the AEW Long Lease REIT we’re excited to offer members a chance to diversify further through an opportunity that will give them exposure to a portfolio of long-term real-estate investments. It’s just incredible. If you look at the deals on the platform now you’ll see a range of opportunities that span the risk, and industry, spectrums – from early-stage growth companies to publicly trading ones on a massive scale.”
Steve Smith, Chairman of AEW UK Long Lease REIT plc, said that AEW has a long history of investing in real estate and the managment team has a proven track record to accomplish their goals.
“The portfolio management team possess the ideal experience and proven track record to fulfill our objective of generating the secure, predictable and sustainable income return that investors are seeking in the current economic environment,” said Smith. “The strong pipeline of current investment opportunities means we expect to substantially invest the proceeds of the IPO within nine months of listing.”
The announcement follows SyndicateRoom’s support for public markets placings on AIM and the FTSE 250, including the Global Ports Holding IPO, Jupiter Emerging & Frontier Income Trust, Downing Strategic MicroCap Trust PLC (DSM), Arix Bioscience IPO, Scancell Placement and 3i Infrastructure Placement. SyndicateRoom announced its push into public markets offering in March 2016. The company is leveraging the internet to provide a full-stack investment platform from crowdfunded private securities to funds to public markets access.
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