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Liberum Sole Broker, Bookrunner in £20m placing for Real Estate Investors

11 April 2014 | Corporate Brokerships

Liberum acted as Sole Broker and Bookrunner for West Midlands-based property group Real Estate Investors plc (AIM:RLE), in a placing of 40,000,000 new Ordinary Shares at a price of 50 pence per Ordinary Share, raising gross proceeds of £20 million from institutional and other investors.

Real Estate Investors

The proceeds will be used to provide additional resources to capitalise on acquisition opportunities in the West Midlands property market.

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Liberum Investment Banking: Chris Bowman and Jamie Richards on +44 (0) 20 3100 2222

Real Estate Research Analyst: Jon Stewart

Sales: Julian Collett

Corporate access: Regan Connor