Standard Life is set to invest in a £ 165 m portfolio of 22 new commercial properties in a bid to appeal to a wider audience of investors , which would add liquidity to existing shares . The company announced that it will leverage up to £ 75 m of the investment whilst the remainder will be raised by issuing shares . The potential portfolio, which is currently owned by a Jersey property trust, is largely office and industrial properties, similar to Standard Life’s current holdings. The new portfolio of shares is expected to be released to the market at a premium to the current net market value per share which stands at 77.3p . The acquisition is yet to gain regulatory approval .
Standard Life is set to invest in a £ 165 m portfolio of 22 new commercial properties in a bid to appeal to a wider audience of investors , which would add liquidity to existing shares . The company announced that it will leverage up to £ 75 m of the investment whilst the remainder will be raised by issuing shares . The new portfolio of shares is expected to be released to the market at a premium to the current net market value per share which stands at 77.3p . The acquisition is yet to gain regulatory approval .