The Drum Income Plus REIT, which has raised £31.9m on flotation, will target commercial property assets in strong regional locations across the UK. Shares will target a gross dividend yield of 5% on the issue price once fully invested.
The company, set up by managing director Graeme Bone in 2004, has enjoyed a steady growth specialising in the creation of large development schemes and the construction and redevelopment of buildings across the UK, with a portfolio currently valued in excess of £1bn.
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