UK property company Rugby Estates has announced that its new company, Rugby Estates Investment Trust (REIT), intends to raise about £47 mln (almost EUR 70 mln) through a listing on London Stock Exchange's main market. The company will convert to real estate investment trust (REIT) status within 12 months. Rugby Asset Management, a wholly-owned subsidiary of AIM-listed Rugby Estates, has been appointed as property adviser to REIT Group.
Premium subscriber content – please log in to read more or take a free trial.
