–News Direct–
Seventy Ninth Group, an asset management company headquartered in North West England, operating globally, has successfully listed its new commercial real estate offering – 79th Commercial Three (CM3) – on the Vienna Stock Exchange, Wiener Brse AG.
The milestone marks another significant achievement for the Seventy Ninth Group in 2023, following its statement of intent to list its resources business Seventy Ninth Resources on the Toronto Stock Exchange (TSXV), and it underpins the firms commitment to international regulatory standards.
The firms real estate strategy for investment focuses on transforming undervalued and underutilised traditional office space into dynamic units for SMEs, to accommodate new, hybrid ways of working following the COVID 19 pandemic. It is an approach which has enabled Seventy Ninth Group to create value within the market and for investors, despite current commercial property market conditions.
In late 2022, the firm successfully acquired its first asset for this strategy, Millennium Park in Cheshire, UK. Millennium Park is a 10,000sq ft commercial property that was previously home to one large company and is now being transformed into 59 separate workspaces for the SME market.
Curtis Webster, Investment Director at the Seventy Ninth Group comments; The listing of our 79th Commercial Three offering on the Vienna Stock Exchange is a fantastic way to enter the new year.
Since listing, we have seen a flurry of family office, corporate and institutional capital commit to our offering.
As our offerings continue to outperform traditional investment products, awareness of the Seventy Ninth Group continues to grow with our investors around the globe.
Seventy Ninth Group appointed the Dublin office of Matheson LLP, an international law firm to list the offering, with the London Stock Exchange (LSE) providing the ISIN (International Stock Identification Numbers).
Curtis Webster continues; On behalf of Seventy Ninth Group, I would like to thank our professional advisors for their input and invaluable support."
Contact Details
Liam Britnell
+44 7453 364820
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/seventy-ninth-group-successfully-lists-commercial-real-estate-offering-on-vienna-stock-exchange-794034871
The Seventy Ninth Group
COMTEX_446382322/2655/2024-01-16T02:48:05
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