BMO has decided to postpone the IPO of a Responsible Housing REIT, which was supposed to announce the results of its fundraising last Friday (1 October), Investment Week has learned.
At the end of August, the REIT announced its intention to float and said it hoped to raise up to £250m via a placing, offer for subscription and intermediaries offer of ordinary shares. Investment Week has since learned that despite "extremely strong investor appetite", well-publicised challenges in the sector have caused volatility, which prevented the trust from proceeding at this time. The REIT was aiming to invest in a diversified portfolio of supported housing accommodation in the UK and was set to be managed by BMO Real Estate Partners and would have BMO Investment Business as i...
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