Companies

O Twelve Estates

Overview

O Twelve Estates invests in commercial property in east London, Essex, south Hertfordshire and north Kent. The plan is to take advantage of potential rises in property values relating to the 2012 Olympics. Guernsey-incorporated OTE joined Aim on 23 March 2006. It raised £122.5m - £117m net - at 100p a share. The company is managed by Rugby Asset Management, a subsidiary of Aim-quoted Rugby Estates. A resolution will be put to shareholders at the AGM in 2014 giving them the opportunity to have the company wound up. A similar resolution will be put forward every two years.

Sector: Property

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