18th Jun 2020 17:33
Warehouse REIT PLC - London-based investor in urban and industrial warehouses - Proposes to raise GBP175.0 million from issue of 159.1 million shares at 110.0 pence. The real estate investment trust plans a firm placing of 68.2 million shares via an accelerated bookbuild, launched immediately, plus a placing of 90.9 million shares. Calls July 6 shareholder meeting to approve the offer. Has identified GBP346.0 million pipeline of investment opportunities, GBP123.0 million of which are in exclusive or final negotiation and another GBP223.0 million in detail negotiations. Says Covid-19 has accelerated growth of e-commerce, and several of its warehouse investment opportunities have an e-commerce focus.
Current stock price: 115.50p
Year-to-date change: down 0.9%
By Tom Waite; [email protected]
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