Global, October 12, 2020 — Apex Group Ltd. (“Apex”), a global financial services provider, today announces that it has provided pre-IPO support to Home REIT plc (“Home REIT”) ahead of its successful listing.
On October 12, Home REIT’s shares were admitted to trading on the premium segment of the main market of the London Stock Exchange, raising £240m to invest in a diversified portfolio of UK real estate assets. These assets will be used to provide accommodation for the homeless whilst targeting inflation-protected income and capital returns. Home REIT is the largest UK focused REIT IPO for over three years.
Home REIT appointed Apex pre-IPO due to its ability to offer a single-source solution and Apex will continue to work with Home REIT Plc to provide fund, financial and corporate solutions including real estate fund administration and accounting, AIFMD depositary, corporate governance and company secretarial services.
These tailored services are underpinned by market leading technology platforms allowing a multitude of administrative and accounting tasks to be completed in a seamless manner, streamlining everyday processes and reporting.
Apex has identified real estate fund services and the listed funds sector as core areas for growth for the business. This is evidenced by the recent appointments of Michael Sheahan as Global Head of Real Estate Fund Services, Anthony Lee as Head of UK Listed Funds, and Barry Hindmarch as Head of Real Estate, UK & Ireland and Channel Islands.
Anthony Lee, Head of UK Listed Funds at Apex Group comments: “This transaction demonstrates Apex’s ability to provide our unique single-source solution to listed funds and their investment managers. We are delighted to have supported Alvarium and Home REIT through the IPO process and look forward to working together as they pursue an innovative approach to the alleviation of homelessness.”
Jamie Beale at Alvarium Home REIT Advisors Limited, Investment Adviser to Home REIT Plc: ”We selected Apex due to their ability to provide a complete solution which meets our needs across the fund, both pre and post-IPO. Their proactivity and collaborative approach has enabled us to simplify our operations and focus on our key business objectives. We now look forward to continuing our relationship with Apex as their expertise – including extensive company secretarial and governance experience – will provide our board, investment managers and shareholders with confidence.”
Home REIT is managed by Alvarium Fund Managers (UK) Limited and advised by Alvarium Home REIT Advisors (both members of the group trading as Alvarium Investments (formerly LJ Partnership), whose ultimate parent is Alvarium Investments Limited).
Alvarium Investments was established in 2009 and has grown to become a substantial, international multi-family office and asset manager, managing in excess of US$18 billion of assets (including US$10 billion of real estate assets), for families, private individuals and institutions. It has over 200 employees and 14 offices around the world.
The Investment Adviser comprises property, legal and finance professionals with significant experience in the real estate sector. The team has capitalised and transacted over £1.5 billion of property assets with a particular focus on accessing secure, long-let and index-linked UK real estate through forward funding and built asset structures.
Antonia Powell [email protected] | +44 (0)77 8990 2279
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