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