Specialist real estate broker Allanfield Group has started trading on AIM today.
The broker has £14m gross written premium. Allanfield is made up of Allanfield Property Insurance Services Limited (APIS) and Industrial & Commercial Property Insurance Consultants Limited (ICP).
The group has raised £1.2m by placing 1,990,049 new ordinary shares Swiss-based investment firm CV5 has invested in the firm by buying up shares.
Allanfield chief executive Gary Field said: “We are delighted to be joining AIM today and believe that Allanfield has a unique offering for the insurance market. The AIM listing will facilitate our growth plans to consolidate our position in the commercial real estate sector.
“Our small, highly experienced team has developed a deep understanding of the commercial real estatemarket and is supported by leading industry recognised technology.”
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