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URB Investments Limited

Fund Manager: Contact Asset Management
Inception Date: Apr 12, 2017

Soul Patts puts old-school skills into URB float

The Australian - Mar 25, 2017

Ask Tom Millner what is the most important teaching of his famous father, and the scion of the patriarch of legendary investment group Washington H. Soul Pattinson & Co answers swiftly with just two words. And then repeats them. “Common sense, common sense,’’ he says slowly, almost talking to himself before continuing. “Look at things practically and sensibly, have a commonsense approach.’’ [More]

It is full steam ahead for LIC IPOs with the latest offer from URB Investments, a Listed Investment Company (LIC) focused on investing in listed companies and direct property assets that are exposed to urban renewal and regeneration. Unlike many of the LICs available which tend to focus on broader markets, URB's proposed niche makes it quite a unique offering. URB are seeking to raise up to $300m, with the offer closing on 30 March 2017. What is Urban Renewal and regeneration? Rat ... [More]

The upcoming float of urban renewal company URB Investments has received a fillip with research house Lonsec giving the offer an investment grade rating. The rating gives URB access to thousands of additional investors as an investment grade rating allows financial planners to pitch the initial public offering to SMSF and high net worth clients. Washington H Soul Pattinson and BKI shareholders are being offered priority allocations as part of the IPO. [More]

The $300 million urban renewal company URB Investments, set to list on the ASX on April 7, has arranged for more than $59 million worth of property purchases as its seed investments. The listed investment company, which is to be externally managed by Contact Asset Management chief executive Tom Millner and portfolio manager Will Culbert, is focusing on properties in areas where new infrastructure investment has been confirmed or is underway. The company is also looking to buy into about 35 listed equities out of about 89 it had identified as having some positive exposure to the massive infrastructure investment currently underway, including Transurban, Lendlease, Goodman Group, Qube and Ramsay Health Care. [More]

URB appoints lead managers for $300m float

The Australian - Feb 07, 2017

URB, a listed investment company, has appointed Bell Potter, Morgans and CommSec as joint lead managers on a float that will raise up to $300 million. The listing process is underway for the LIC, which will invest in equity assets and direct property assets which buy into urban renewal and community regeneration projects across Australia. The fund was started by Tom Millner, the son of Washington H Soul Patts and Brickworks chairman Rob Millner. Its understood that Soul Patts will hold a major stake of the company once it turns public. The raising will be pitched squarely at retail investors and is due to be carried out in the next six weeks. [More]

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