Real estate group raises £50 million on AIM
4 April 2007
LG advised Dawnay Day Corporate Finance Limited (“Dawnay Day”) as Nominated Adviser and KBC Peel Hunt Ltd (“Peel Hunt”) as Broker on the placing and admission to AIM of Inland plc (“Inland”) raising £50 million.
Inland is a group that specialises in buying “brown field” sites, enhancing their value by obtaining planning permissions for residential or mixed-use development and selling the consented land on to developers.
The LG team advising Dawnay Day and Peel Hunt was led by Hugh Maule and assisted by Victoria Thorp and Farhod Moghadam.
Hugh said: “This is the third flotation on which we have acted jointly for Dawnay Day and Peel Hunt as respectively Nomad and Broker. We are particularly pleased with the amount raised by Inland in what has been a difficult market“.
Dorsey & Whitney LLP advised Inland.
Notes to editors
LG is a London-based business law firm with over 270 lawyers, advising entrepreneurial and growth market clients seeking to raise capital for their business ventures.
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Hugh Maule
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