Carey Olsen has advised on the successful launch and admission to trading of Regional REIT Limited, a Guernsey real estate investment trust (REIT), on the Main Market of the London Stock Exchange.
Regional REIT is managed by Toscafund Asset Management LLP, with London & Scottish Investments managing the property portfolio. It merges two existing funds, and targets investments in commercial property in major regional centres outside London.
Carey Olsen Partner and Head of the Guernsey corporate group Graham Hall, Senior Associate Annette Alexander and Associate Alexandria du Jardin advised on all Guernsey aspects of the listing alongside Macfarlanes LLP who acted as UK Counsel.
Peel Hunt acted as sole sponsor, financial adviser, bookrunner and corporate broker. The REIT has a market capitalisation of approximately £274.2 million.