Single Asset Listings on London Stock Exchange

Innovative strategies have been embraced on the London Stock Exchange markets, including those with a singular focus from concentrated investment in quoted companies to alternative asset classes such as aircraft and real estate. Please see below case studies for issuers who owned a single asset at listing.

Single assets can be listed on the Specialist Fund Segment of the Main Market or on the Standard Segment of the Main Market. Find out more about the routes to market here.

 

Case Study 1: GCP Student Living

LSE market at IPO

Main Market - Specialist Fund Segment*

Admission date

20th May 2013

Capital Raise at IPO

£70m

Initial Single Asset

Scape East – Private Student Residence

Financial Advisors at IPO

Cenkos Securities

Legal Counsel at IPO

Lawrence Graham

Investment Manager

Gravis Capital Partners

Website

https://www.graviscapital.com/funds/gcp-student/about

Objective

 

To provide shareholders with regular, sustainable, long-term dividends coupled with the potential for modest capital appreciation over the long term and RPI inflation-linked income characteristics through owning, leasing and licensing student residential accommodation and teaching facilities to a diversified property portfolio of direct let tenants and higher education institutions. 

*After listing with an initial asset, GCP Student Living has expanded its portfolio to include multiple student residences.

GCP Student Living is currently listed on the Premium Segment of the Main Market.

Source: London Stock Exchange, Gravis Capital Partners

 

Case Study 2: Doric Nimrod Air One

LSE market at IPO

Main Market - Specialist Fund Segment

Admission date

13th December 2010

Single Asset

Airbus A380-861

Capital Raise at IPO

£39.6m

Placing Agent

Nimrod Capital

Legal Counsel at IPO

Herbert Smith Freehills(English Law)

Mourant Ozannes(Guernsey Law)

Asset Manager

Doric Asset Finance

Website

http://www.dnairone.com/

Objective

 

To obtain income returns and a capital return for its shareholders by acquiring, leasing and then selling a single aircraft.

 

The fund has purchased one Airbus A380-861 aircraft, manufacturer's serial number 016 which it has leased to Emirates Airlines, the national carrier owned by the Investment Corporation of Dubai, based in Dubai, United Arab Emirates. 

Source: London Stock Exchange, Nimrod Capital