Braemar names team for farmland fund float

Braemar has appointed its professional advisors to handle the forthcoming flotation on AIM of the UK Agricultural Land vehicle.

BUAL gives individual investors direct access to investment in British farmland, with the potential added advantage of being inheritance tax friendly. The company purchases British farmland and farms it using contractors. The company is looking to benefit from the rising cost of farmland should UK prices move into line with those elsewhere in Europe.

The broker and corporate adviser to the proposed float is WH Ireland. Beachcroft LLP has been appointed as the company's lawyers, PKF (UK) LLP as reporting accountants and Cobbetts LLP as lawyers to WH Ireland.

The proposed flotation, which aims to raise at least £25m, is planned for early 2009.