Listed real estate has been one of the UK’s most active sectors for public capital raising as pandemic-fuelled capital issues continue.
A breakdown of follow-on issues from companies listed on London’s Main Market and AIM showed that capital raising has rocketed during the Covid-19 pandemic, with £34.4bn raised in 2020 and £24.7bn so far this year. Before these two years, the record was raised in 2009.
According to financial services firm Goodbody, real estate companies have raised £2.9bn so far this year, making it the second-busiest industry for deals, behind consumer discretionary – businesses such as automotive, household goods and travel – at £5.5bn.
Recent deals include Tritax Big Box REIT’s raising of £300m in October, and Home REIT’s £350m fund raise in September following its 2020 IPO.
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