Sustainable Farmland Trust plans £200m London IPO

The investors of farmland and agriculture assets, predominately across the US, announced a target issue of 200 million shares at £1p per share. The trust will target a net initial yield of 4.5% and NAV total return of between 7% and 9% a year once fully invested. Its investment process considers key environmental factors and is categorised as Article 8 under SFDR. The trust's investment manager, Intl Farming Investment Management LLC and its affiliates, manage over $2.2bn in assets. The trust said its pipeline of approximately $3bn was expected to expand in due course. It will i...