Travers Smith LLP has acted as counsel to Impact Healthcare REIT plc (the "Fund") in connection with its £100 million placing under the 12 month placing programme launched by the Fund earlier this year.
The Fund intends to use the placing proceeds to repay its revolving credit facilities and to continue to pursue investment opportunities in UK healthcare real estate assets, in particular residential care homes.
Admission of the New Ordinary Shares to the premium segment of the Official List is expected to take place at 8.00 a.m. on 15 May 2019.
The Travers Smith team was led by Partner Aaron Stocks and also included Senior Associate, Leigh Stockey, and
Associate, Laura Le Marechal.
Aaron Stocks, Head of Listed Funds, commented:
"The fundraising was a great success for Impact Healthcare REIT plc and its investment manager, Impact Health Partners LLP, and demonstrates once again that investors will support good investment propositions even in the current market conditions. We are delighted to have supported the Fund in this latest placing and, indeed, since its inception. We look forward to continuing Impact's growth."