The Sustainable Farmland Trust plc is set to launch a £200m IPO and begin trading on London’s main market, the company confirmed today (12 September).
The investors of farmland and agriculture assets, predominately across the US, announced a target issue of 200 million shares at £1p per share. The trust will target a net initial yield of 4.5% and NAV total return of between 7% and 9% a year once fully invested. Its investment process considers key environmental factors and is categorised as Article 8 under SFDR. The trust's investment manager, Intl Farming Investment Management LLC and its affiliates, manage over $2.2bn in assets. The trust said its pipeline of approximately $3bn was expected to expand in due course. It will i...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
