JTC supports £160m listing

Tuesday 14 March 2017

JTC Funds Services has supported Impact Healthcare REIT PLC on its UK listing and £160m fundraise.

The IPO took place on the specialist fund segment on the main market of the London Stock Exchange. JTC’s London-based team, led by Director Will Cameron, and Associate Director Simon Gordon, provided administration support for the listing.

Mr Cameron said: “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.”

Impact Healthcare REIT plc, for which JTC provides a range of administration and corporate services, raised an initial £160 million following its listing on the London Stock Exchange and has already agreed to acquire and lease 58 residential care homes across the UK.

Andrew Cowley, of the Company’s Investment Advisor, Impact Partners LLP, said: “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.”