UK Residential REIT (URES) has decided not to proceed with its IPO after failing to meet the minimum fundraising set out in its prospectus.
This was "despite strong retail investor support demand," the company explained in statement seen by Investment Week. Subscription amounts were re-credited to accounts on Thursday (15 July). Earlier this week, Investment Week revealed the company was contemplating its options as it had failed to reach its target £150m fundraising by the timeline outlined in the prospectus. Liontrust launch failure dents optimism for ESG investment trust IPOs URES was planning to invest in a diversified portfolio of affordable, privately rented residential real estate assets outside London, inclu...
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