The chief executive of pensions company Mattioli Woods says the floating of its newly incorporated property investment company on the London Stock Exchange is a significant milestone.
Custodian REIT, managed by Custodian Capital Limited, a subsidiary of Mattioli Woods, has successfully floated on the Stock Exchange, with the initial placing and offer for subscription being significantly oversubscribed by investors.
Ian Mattioli, chief executive of Mattioli Woods and non-executive director of Custodian REIT, said: "This is a significant milestone for Mattioli Woods, marking the next phase of development for the group.
"We are delighted with the positive response from our existing clients and strong demand from new investors.
"The interest shown is a great endorsement of both the investment proposition and investors' confidence in the expertise and strong track record of our property investment business."

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Custodian REIT has today acquired an initial portfolio of 48 properties, valued at over £95 million (excluding associated borrowings), split across all property sectors and 90 separate tenancies.
The fund will use the £55 million of new funds raised to invest in a diversified portfolio of commercial real estate opportunities. Custodian Capital has been appointed as the discretionary investment manager to Custodian REIT.
Richard Shepherd-Cross, managing director of Custodian Capital, said: "The new funds raised will allow Custodian REIT to take advantage of a pipeline of opportunities to grow its diverse property portfolio. We are focused on delivering an attractive level of income together with the potential for capital growth from a balanced portfolio of real estate assets".