The portfolio will focus on acquiring assets with weighted average unexpired lease terms of 18 years and inflation linkage on at least 85 percent of the portfolio’s gross passing rent.
Shares of the AEW UK Long Listed REIT will have an issue price of £1 per share and will target an annual dividend of 5.5 pence per share, paid quarterly.
The REIT will invest in a diverse range of alternative sectors, including leisure, healthcare, education, hotels, student accommodation, supported living and automotive.
Offers of shares will be made to institutional and professional investors in qualifying geographies, the UK public and certain UK financial intermediaries with retail clients.
Close pacing and offers are expected to be received by the end of May and AEW hopes to have substantially invested the proceeds within nine months.
Steve Smith, chairman of AEW UK Long Lease REIT, said: "AEW has over 30 years of investment experience specialising in real estate. The dictable and sustainable income return that investors are seeking in the current economic environment.”
Alex Short (pictured), director of AEW UK, added: "We have a depth of expertise and proven insights that will allow us to rapidly create a diversified portfolio of properties that are less widely invested in by institutional investors. We are also able to preserve capital value through detailed analysis and understanding of the real estate fundamentals."