27th Jan 2016 07:45
LONDON (Alliance News) - Tritax Big Box REIT PLC on Wednesday said it is seeking to raise GBP100.0 million through a placing, open offer and subscription to back its investment plans.
The FTSE 250-listed group, which invests in 'big box' warehouse property, said it will issue a total of 80.6 million shares at 124 pence per share through the placing, open offer and subscription. The stock closed Tuesday at 131.38p.
Tritax Management LLP, the fund's manager, will use the proceeds to make further investments in the 'big box' property sector and is currently involved in detailed discussions on possible new acquisitions.
By Sam Unsted; [email protected]; @SamUAtAlliance
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