M7 launches Reit IPO, aiming to raise £300m

London

PROPERTY investment firm M7 Real Estate has launched a sale of shares in a new company - M7 Multi-Let Reit - which owns and manages industrial and office property, aiming to raise £300 million (S$537 million) on the London stock market.

Reits are raising more capital than ever on the London exchange, its data shows, as investors shift away from less liquid forms of property investment. M7 Multi-Let will be London's largest Reit IPO announced so far this year.