Max Property Group raised £220 mln (EUR 252 mln) on its first day of trading on London-based AIM, the international market for growing companies. Max’s investment strategy is to take advantage of the current cyclical weakness of the UK real estate market through acquisitions, active asset management and judicious use of non-recourse borrowings.
Max Property Group raised £220 mln (EUR 252 mln) on its first day of trading on London-based AIM, the international market for growing companies. Max’s investment strategy is to take advantage of the current cyclical weakness of the UK real estate market through acquisitions, active asset management and judicious use of non-recourse borrowings.
Commenting on the flotation, Marcus Stuttard, Head of AIM, London Stock Exchange Group, said: 'This admission demonstrates that despite difficult global market conditions our markets remain very much open for business. AIM remains the world’s most successful growth market, providing high-growth businesses with access to capital, both at IPO and via further issues, through which over £660 mi has been raised so far this year.'
