Investment Trusts

Blackstone will take ownership stake in Hipgnosis

Aims to raise £230m

Staveley to return

Issue price of 100p per ordinary share

Current market conditions to blame

Strong investor appetite

Fundraising by investment companies totals over £8bn so far

Realignment to begin next week

Offer is made in addition to a placing of ordinary shares

Equity will be invested in mid-box and urban logistic warehouses