Fidante Capital Supports Another Successful IPO
Fidante Capital, the international capital markets business of Fidante Partners, announces that it supported the listing of AEW UK Long Lease REIT on the London Stock Exchange. The IPO raised £80.5m via a placing, offer for subscription and an intermediaries offer. Dealing commenced on 6 June 2017. Fidante Capital acted as Sponsor, Financial Adviser and Sole Bookrunner to the Company. Fidante Capital has over 15 years’ experience in supporting the structuring, IPO and ongoing development of closed-end investment companies through its comprehensive range of services including corporate advisory and broking, research, distribution and market making. With its extensive track record in listed fundraising for alternative strategies, Fidante Capital has raised more than US$14.5 billion through more than 80 transactions.
The AEW UK Long Lease REIT will invest in a diverse range of sectors that are underrepresented in institutional portfolios including leisure, healthcare, education, hotels, student accommodation, supported living and automotive. The focus will be to construct a portfolio with a weighted average unexpired lease term in excess of 18 years and inflation linkage on at least 85% of the portfolio’s gross passing rent, each at the time of investment. The Company will be targeting an annual dividend of 5.5 pence per share once fully invested and levered, payable quarterly.
The AEW investment team is experienced and has a proven track record in both long lease funds and REITs with an established pipeline of origination for long lease assets. They form part of AEW Global, one of the world’s largest real estate managers, with more than €60 billion of assets under management.