IPO of Multifamily Housing REIT hits the buffers

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The real estate arm of Harwood Capital, the fund manager led by JO Hambro founder Christopher Mills, has called time on its efforts to float a residential REIT.

It had been looking to £175m for Multifamily Housing REIT but was forced to delay the initial public offering three times.

It has now decided to return money to investors who had subscribed and put back the planned IPO until a later date.

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