24 June 2019
Macfarlanes advises Regional REIT on its £50m equity fundraise
Macfarlanes has advised regional property specialist Regional REIT on a proposed £50m equity fundraise. The transaction comprises a placing, open offer, offer for subscription and intermediaries offer, and is capable of being upsized to £100m.
Since acting for Regional REIT on its IPO in 2015, Macfarlanes has acted for the issuer on a number of equity and debt and capital markets transactions.
The Macfarlanes team for this matter was led by corporate and M&A partner Robert Boyle, with assistance from senior counsel Mark Slade and solicitor Alex Critchley. Tax input was provided by partner Jeremy Moncrieff.
Robert Boyle comments: "We were pleased to act on this transaction and help deliver Regional REIT's commercial objectives on an expedited timetable. The transaction demonstrates that, despite market headwinds, there is still appetite for issuers with the right story. We are currently working on a number of mandates in the listed funds space, which remains active."
