AEW UK REIT’s flotation has raised £100.5m, £24.5m short of its original target.
The fund was heralded as a chance for investors looking for liquidity to invest in a core property strategy similar to AEW’s existing AEW UK Core Property Fund.
The REIT floated, however, on the day that the FTSE slid as markets anticipated a hung parliament. It will receive £98.5m in net proceeds after costs.
The full listing of the company will proceed on 12 May under the ticker of AEWU.
