Ashurst advised J.P. Morgan Cazenove and Oriel Securities as joint sponsors and joint bookrunners on a placing and offer for subscription of shares in Picton Property Income Limited ("the Company"), and the establishment of a placing programme.

The oversubscribed placing and offer of 59.3 million shares at 59p per share successfully raised £35 million, which the Company will use to fund future acquisitions as part of its investment objective.

The Ashurst team was led by corporate partner Jonathan Parry, assisted by associate Matt Sparks and solicitor Harry Thimont. Counsel Caroline Chambers also assisted on the deal.