Deals

US private equity firm funds UK property company

The chief executive of developer, Helical Bar, has told Reuters that an unnamed firm has invested in the company as part of a recent £500 million capital raising exercise to help fund future acquisitions.

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A US private equity firm has invested in Helical Bar, a British publicly-listed property company.

Chief executive Mike Slade told Reuters the investment by the unnamed firm had been made as part of a £500 million capital raising exercise to help with investments.

He also told Reuters that the student accommodation sector was “quite exciting”, as were some retail property investments.

The US firm in question is not the first to be linked with a UK property company. Reports last week suggested European and Asia-focused MGPA and The Blackstone Group are interested in Brixton, which has received a takeover approach from rival industrial investor, Segro.