Pinel Advocates advises Circle Property plc on its IPO on AIM

Tuesday 01 March 2016

Pinel Advocates has acted for Circle Property Plc on their admission to the AIM market of the London Stock Exchange.

Circle Property is a Jersey incorporated company which specialises in regional UK property investment, development and management consultancy. 

Circle’s operations were established in the UK in 2002 with the intention of acquiring a portfolio of UK commercial properties for investment purposes.

Upon admission, Circle Property owns a freehold and leasehold portfolio of 16 real estate assets independently valued at over £73 million.  The Company’s aim is to build a portfolio of prime regional offices by adding value to under-utilised buildings, securing lettings swiftly and ahead of competition, thereby generating attractive initial yields.

Andrew Pinel, who led the team at Pinel Advocates on the deal, said: “I have been working with the Circle Property Group for nearly ten years, so we were delighted to assist with the exciting next stage for them.  They are ambitious and successful and we hope to be able to help them with their future growth.”

The team was headed by Advocate Pinel, with support from Oliver Hughes and Eleanor Colley.

Pinel Advocates is a leading corporate and commercial law firm in Jersey and was recently Corporate and Commercial Law Firm of the Year 2016 by ACQ and Investment Funds Law Firm of the Year 2016 by Corporate International.  Pinel Advocates regularly advises on listings, both on the AIM Market and the Channel Islands Stock Exchange.