Peninsula Real Estate Exploring $1 Billion Listing in London - Bloomberg

Peninsula Real Estate Exploring $1 Billion Listing in London - Bloomberg

Peninsula Real Estate is looking to list a vehicle on the London Stock Exchange, the first company with significant assets in the United Arab Emirates seeking a U.K. listing since 2019.

The proposed real estate investment trust will hold commercial properties in the Gulf region, according to people familiar with the matter, who asked not to be named because the information is private. The portfolio’s market value could reach around $1 billion, the people said.

The company, which has some staff in Dubai, has appointed investment bank Evercore Inc. and law firm Clifford Chance as advisers, the people said. No final decision has been made and the company may decide not to proceed depending on market circumstances.

Representatives for Peninsula and Evercore declined to comment. Clifford Chance didn’t respond to requests for comment.