JTC Fund Services is targeting further growth in high value real estate listings work following its role this month in the initial public offering (“IPO”) of the Impact Healthcare REIT PLC (the “REIT”) on the specialist fund segment on the main market of the London Stock Exchange (“LSE”).
The REIT, for which JTC provides a range of administration and corporate services for, raised an initial £160 million following its listing on the LSE and has already agreed to acquire and subsequently lease 58 residential care homes across the UK. The REIT cited significant investment opportunities in the UK against a backdrop of increasing demand for residential healthcare and a fragmented market.
JTC’s London team, led by director Will Cameron and Associate Director Simon Gordon, provided key administration support for the listing. Will commented:
“It has been a decade since Real Estate Investment Trusts were first introduced to the UK and the vehicle continues to prove highly attractive for high value real estate listings on the UK’s major market, as this latest successful Impact Healthcare IPO demonstrates. With the UK real estate market showing signs of real buoyancy, our London office anticipates an uptick in demand for administration expertise for high value real estate investment listings through 2017.”
Andrew Cowley, of the Company’s Investment Advisor, Impact Health Partners LLP, added:
“We appointed JTC (UK) Limited as administrator and company secretary to the Impact Healthcare REIT PLC because of their proven established experience with London listed investment trusts. We have been impressed with the support they have given to us as we worked towards our IPO and we look forward to working in partnership with them over the long term.”