Whitewood’s £125m debt investment vehicle fails to list

Real estate investor the Whitewood Group, pulled its £125m initial public offering (IPO) for debt investment vehicle, Whitewood REFF. The Benelux-focused commercial real estate strategy is still seeking investment from alternative sources rather than the planned Guernsey-registered listed investment trust, said a source familiar with the situation. The potential IPO was due to complete on 19 March, according to documents published by Whitewood, but was always one of a number of capital-raising options, the source added.