Scotch Corner Dsgnr. replacement to sell shares to the public

Scotch Corner Dsgnr. replacement to sell shares to the public

Scotch Corner Designer Village Holdings PLC has announced plans to proceed with an initial public offering (IPO) on the Aquis Real Asset Market, aiming to raise £25.5 million to advance the development of a designer outlet village in Yorkshire, England according to company announcements. The company, which previously indicated potential IPO plans in July 2025, will apply for admission to trading, with shares expected to begin trading next month. Proceeds from the offering will be allocated to reduce existing debt and fund the first phase of the project, which includes 182,500 square feet of retail and leisure spaces. Additional financing for this phase will come from mezzanine and senior debt arrangements secured near the listing date.

The development, located at a major transportation hub near Richmond, has secured pre-lets for approximately two-thirds of its retail and leisure spaces, with 15% of additional units in legal agreements or with terms agreed. The project, valued at £169 million upon completion, is positioned to benefit from high traffic volumes, with 29 million vehicles passing the site annually. Future phases include expanding into home and garden centers and a third-party-owned outlet phase awaiting planning approval. Oberon Investments Ltd. and Retail Book Ltd. have been appointed as corporate and retail brokers, respectively, to support the IPO process.

This listing marks a strategic step for Scotch Corner to de-risk the development and accelerate construction, which is projected to conclude within 18 months.