Jones Lang LaSalle said that it would offer 5.5 million shares in an underwritten public offering, which should raise $200m (£122.4m) to pay off the company’s debts.
JLL has promoted its head of retail capital markets, Fraser Bowen, to a new role as head of international investors, Europe.
New research on Scotland’s build to rent sector has highlighted a significant gulf between England and Scotland on planned BTR homes, with Scotland having 4,000 homes built, in planning or under construction compared to 124,000 in England.
Clearbell Capital has acquired Octagon Retail Park in Stoke for £28m representing an initial yield of 8.3%, on behalf of its Clearbell Property Partners III fund.
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