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 AIM. Find out more about the routes to market here.
Case Study 1: GCP Student Living
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LSE market at IPO |
Main Market - Specialist Fund Segment* |
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Admission date |
20th May 2013 |
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Capital Raise at IPO |
£70m |
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Initial Single Asset |
Scape East – Private Student Residence |
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Financial Advisors at IPO |
Cenkos Securities |
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Legal Counsel at IPO |
Lawrence Graham |
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Investment Manager |
Gravis Capital Partners |
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Website |
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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
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LSE market at IPO |
Main Market - Specialist Fund Segment |
|
Admission date |
13th December 2010 |
|
Single Asset |
Airbus A380-861 |
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Capital Raise at IPO |
£39.6m |
|
Placing Agent |
Nimrod Capital |
|
Legal Counsel at IPO |
Herbert Smith Freehills(English Law) Mourant Ozannes(Guernsey Law) |
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Asset Manager |
Doric Asset Finance |
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Website |
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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