30th Nov 2015 09:03
LONDON (Alliance News) - Property investor Custodian REIT PLC on Monday said it has raised GBP44.3 million from its placing, open offer and subscription to back the acquisition of a portfolio of assets.
Custodian REIT said it will issue a total of 42.5 million shares at 104.2 pence per share under the issue. Shares in the company were up 1.0% to 106.00p early Monday.
The funds will be used to back the GBP69.4 million acquisition of 11 commercial properties in the UK which the company agreed earlier this month.
By Sam Unsted; [email protected]; @SamUAtAlliance
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