Midlands legal team behind developer stock exchange listing
Residential developer One Heritage Group PLC has been admitted to the London Stock Exchange, with the support of Birmingham-based law firm Shakespeare Martineau.
One Heritage Group established its UK office and operation in Manchester in 2019 and became a public company in December 2020. It was established by the One Heritage Group based in China and Hong Kong, a financial services and property development group.
The Group undertakes development and re-development of new and existing buildings, as well as facilities management and managing the letting of the properties. It is also well-known for its co-living model.
Looking to attract new investment opportunities, One Heritage group has its sights set on expanding to other regions across the UK that offer attractive growth opportunities, such as the East and West Midlands and Yorkshire.
Shakespeare Martineau’s corporate team worked with then company’s financial adviser and broker; Hybridan LLP. The Group’s value on admission is £3 million, with each ordinary share costing 10 pence, having raised £930,000.
Keith Spedding, partner and business transaction and growth specialist at Shakespeare Martineau said: “It’s been great to be able to assist One Heritage Group in its listing on the London Stock Exchange. This opens up exciting opportunities for the Group and they will become a major force in the co-living market, a growing and important area of property development.
“We work with a number of residential development and housing clients – at all stages of their business lifecycle – and it’s always great to know that we’re working with businesses and organisations doing the important job of tackling the shortage of good accommodation across the UK.”
Jason Upton, CEO at One Heritage Group said: “Our listing will provide a strong platform for growth and will enable us to scale the business. In addition, our listing will allow us to attract new investment and opportunities.
“We’ve been highly impressed with the team at Shakespeare Martineau and their ability to work efficiently and effectively, driving the delivery of our listing process.”