Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now


Farmland investment vehicle shelves London floatation plans

An investment vehicle designed to pump cash into agricultural land has shelved plans for an initial public offering in London due to “high levels of market volatility and uncertainty”.

The Sustainable Farmland Trust, which announced plans for an IPO last month, has now withdrawn the plans and said it will published a revised timetable in “due course”.

“We have received excellent feedback from a variety of institutional investors who have said they are supportive of the Company’s strategy and management team,” said Andy Crossley, chair of the firm.

“It is clear to us that there is demand for this differentiated farmland offering in the London market. However, owing to well-reported market uncertainty it proved a challenging time for institutional investors to make new investments, no matter how attractive the offering.”

Bosses said they now believe it would be more beneficial to “recommence the IPO at a later date”.

Subscriptions received via the intermediaries offer and offer for subscription will be returned to investors.

The firm said it continues to deploy cash despite the delay, with a pipeline of opportunities of up US$2.7bn.

The Company looks forward to making a further statement on the revised IPO timetable in due course.

Read more:
Farmland investment vehicle shelves London floatation plans

    You May Also Like


    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...


    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...


    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...


    Mark Zuckerberg has laid off more than 11,000 Meta’s employees, about 13 per cent of its global workforce, in what he described as “some...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 | All Rights Reserved