Global legal practice Norton Rose Fulbright has advised JP Morgan Cazenove and J&E Davy as joint bookrunners on the €399.8 million placing and open offer of shares of Irish property investment company, Green REIT plc (Green REIT).
Green REIT is listed on the premium segment of the London Stock Exchange and the Irish Stock Exchange. The offer was made by way of institutional placing in, amongst other places, the UK, Ireland, Canada, Australia and in the US.
Mark Lloyd Williams, corporate partner comments:
“We are delighted to assist JP Morgan and J&E Davy on this fund raising, having also advised them in relation to Green REIT’s initial public offering last year. Green REIT is Ireland’s first real estate investment trust and interest in the sector continues to grow. The amount raised here clearly indicates that there is investor appetite.”
The cross border Norton Rose Fulbright team was led by Mark Lloyd Williams, Tom Vita and Jason Moss in London, supported by Sarah McKellar, Amy Reed and Terri Francis. Dominic Stuttaford and Ed Denny provided tax advice. Canadian securities law advice was provided by Bruce Sheiner and Matthew Lippa in Toronto. Australian securities law advice was provided by Iain Laughland and Katie Hegarty in Sydney. In New York, Michael Flamenbaum and Sheldon Elefant provided US tax advice and Alan Aronson provided US ERISA advice.
In July 2013 Norton Rose Fulbright advised JP Morgan Cazenove and Davy as joint sponsors and bookrunners in relation to the €310million initial public offering of Green REIT. It was the first main market listing of an Irish company in Ireland for over five years. Norton Rose Fulbright has also acted on a number of major IPOs including advising Crest Nicholson on its £553 million IPO and Starwood on its £228 million real estate debt fund.
William Fry advised JP Morgan and J&E Davy on Irish law aspects. Ashurst and Arthur Cox advised Green REIT.
