Triple Point Social Housing REIT Plc raised gross proceeds of £200 million in its IPO priced at £1 per ordinary share.
The company has applied to list the shares on the specialist fund segment of the London Stock Exchange's main market, and admission is expected to commence Aug. 8.
The real estate investment trust will focus on the U.K.'s supported housing market, investing in assets with inflation-linked, long-term, and fully repairing and insuring leases. The REIT will be managed by Triple Point Investment Management LLP.
Akur Ltd. and Canaccord Genuity Ltd. are the joint financial advisers, with the latter also acting as sole global coordinator and book runner for the issue.