GREENLAND Capital First Land, a Guernsey incorporated closed ended fund offering high net worth investors access to the land trading market, is to be listed on the AIM market.
The company is seeking to raise at least £25m over the next few weeks, with a view to a listing on November 8. However, the directors believe it can achieve a figure closer to £50m. It will have a seven year term and is intended to be substantially invested within 18 months of admission. Greenland Capital has been appointed as investment adviser to source mostly minimally developed 'greenfield' land, as well as agricultural land and 'brownfield' areas, such as disused former industrial land and buildings. The company will be assisted by Kenmore Financial Services, a property a...
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