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LONDON - Scotch Corner Designer Village Limited, a single asset real estate company developing a retail outlet and leisure destination in the North of England, announced Thursday it may pursue an initial public offering on the newly launched Aquis Real Asset Market (Aram).
The company is developing a 180,000 square foot designer outlet village adjacent to junction 53 of the A1(M) motorway. According to the press release, the site has approximately 4.5 million residents within a 60-minute drive and 9.6 million within 90 minutes.
Infrastructure and enabling works are largely complete, with retail space pre-let to brands including Calvin Klein, M&S, Tommy Hilfiger, Skechers and Five Guys. The planned opening is scheduled for Spring 2027.
Simon Waterfield, the developer behind Scotch Corner, has a 30-year track record in property development across the UK. The management team includes Sarah Hodkinson as Leasing Director and Patrick Hanson-Lowe as Marketing Director, both with experience in the outlet retail sector.
"We believe that this potential transaction is an exceptional opportunity to develop a first class, largely pre-let, and therefore derisked, development in the highest growth retail subsector," Waterfield said in the statement.
If the IPO proceeds, Scotch Corner would be the first company to list on Aram, a new segment of the Aquis Stock Exchange dedicated to real estate and infrastructure assets.
Michael Lynagh, Director at Aram Advisors, stated that Aram aims to "democratise access to the real estate market" by creating investment opportunities typically reserved for professional investors.
Cairn Financial Advisers LLP is acting as AQSE Corporate Adviser to the company, with Aram Advisors Ltd serving as listing advisor for the potential Aram listing.
The company noted that no final decision has been made regarding the IPO, and there is no guarantee that an admission document will be published or that the listing will proceed.
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