Community and History
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.
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 |
|
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.
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 |
|
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