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Liberum acts as Joint Bookrunner on Workspace Group’s £180m placing

08 June 2018 | Joint Bookrunner

Workspace

We are pleased to announce that Liberum successfully raised c. £180m through the placing of 16.3m shares in Workspace at 1,100p with institutional investors. BofAML was Joint Bookrunner alongside Liberum.

Established in 1987, and listed on the London Stock Exchange since 1993, Workspace owns and manages 3.7 million sq. ft. of business space across 66 London properties which it lets directly to customers.

The Group will use the £180m proceeds for the following:

• capital expenditure required for the ongoing project pipeline, which is intended to enhance the Company's rental income and value;

• continued implementation of the targeted acquisition strategy of properties across London where the Company believes there is an opportunity to apply the Workspace model to drive rental growth and value uplift;

• the recent acquisitions of five of the Centro buildings in Camden for £109 million in February 2018 and the remaining two Centro buildings for £76.5 million in April 2018; and

• other general corporate purposes.

Workspace is a FTSE 250 listed Real Estate Investment Trust and a member of the European Public Real Estate Association (EPRA).

Liberum was appointed as Joint Corporate Broker to the Company in October 2013 and raised £96.5m for Workspace in 2014.


Liberum Team
Board – David Parsons
Investment Banking – Richard Crawley, Jamie Richards, Jonathan Wilkes-Green, Louis Davies
Sales – John Mozley
Research – David Brockton, James Ashley
Execution – Graham Smith, Mark O'Hara
Corporate Access – Lynsey Cox

Press Enquiries: Redleaf Polhill

Emailpr@liberum.com

Tel +44 (0)20 3100 2000

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Liberum appointed Joint Corporate Broker to Crest Nicholson

02 May 2018 |

Crest -1 (1)

Liberum is pleased to announce its appointment as Joint Corporate Broker to Crest Nicholson.

Crest Nicholson is a leading residential developer operating in the Southern half of England with an emphasis on creating well designed homes in sustainable communities. The Group has a wide product range, varying from homes for first time buyers through to large family homes, and includes a mixture of houses, apartments and supporting commercial premises as part of its larger developments.

The Group, which was established over 50 years ago in 1963, has a history of 39 years on the Official List and trading on the London Stock Exchange’s Main Market between 1968 and 2007. The Group re-listed on the London Stock Exchange in 2013.

Crest Nicholson has a market capitalization of £1.2bn and is a constituent of the FTSE 250.

Liberum has been appointed as Joint Corporate Broker alongside Barclays with immediate effect.

Liberum Team

Board - David Parsons

Sales – Julian Collett

Research – Charlie Campbell

Investment Banking – Neil Patel, Richard Bootle, Louis Davies

Corporate Access – Lynsey Cox

Press Enquiries: Redleaf Polhill

Emailliberum@redleafpr.com

Call: +44 (0)20 7382 4747

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