Norton Rose Fulbright advises bookrunners on successful equity fundraising by LondonMetric Property PLC

Global law firm Norton Rose Fulbright has advised J.P. Morgan Cazenove and Peel Hunt in their capacity as joint bookrunners on an equity placing by LondonMetric Property PLC to raise gross proceeds of approximately £96 million. The proceeds of the fundraising will be used to fund acquisitions of new portfolio assets and development of existing portfolio properties.

LondonMetric is a FTSE 250 REIT specialising in property investment and development with a total of 12 million sq ft under management and a total portfolio valuation of approximately £1.5 billion, with a primary focus in retail-led distribution.

The Norton Rose Fulbright team was led by partner Mark Lloyd Williams with assistance from senior associate Christopher McCarthy and associate Laura Henry. Partner Tom Vita and of counsel Kevin Connolly provided US securities law advice, whilst partner Pierre Dagenais and associate Bruce Sheiner advised on Canadian securities aspects of the deal.

Mark Lloyd Williams commented: “We are seeing sustained corporate finance activity in the UK real estate sector notwithstanding wider market conditions and there is healthy appetite for expansion and investment by leading players.”

For further information please contact:

Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684 893
louise.nelson@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3500 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Norton Rose Fulbright will combine with Chadbourne & Parke, a leading international law firm, during the second quarter of 2017. Norton Rose Fulbright's expanded practice will have more than 1000 lawyers in the US and 4000 lawyers worldwide.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, Toronto, Sydney and Johannesburg.

For more information, see nortonrosefulbright.com/legal-notices.