A fund established by activist UK investor Laxey Partners to invest in 'undervalued' property companies and funds in Europe is to list on London's junior Alternative Investment Market (AIM) on Monday. Terra Catalyst, a Cayman Islands-registered closed-ended property share fund, is thought to have raised almost £120 mln (EUR 160 mln) from institutional investors. It intends to use a debt facility from Credit Suisse to increase its investment volume to £500 mln (more than EUR 660 mln).
Premium subscriber content – please log in to read more or take a free trial.
