Retirment homes specialist expects to raise around £3m with floatation on alternative investment market

Wren Homes has announced that it is to list its shares on the alternative investment market.

The company is expecting to raise around £3m from the floatation, which will see all its shares listed on AIM.

Wren Homes was founded in 1994 and specialises in homes in the retirement sector. For the year ending 31 July 2005, pre-tax profit was £1m on a turnover of £2.4m.