LONDON (Alliance News) - Tritax Eurobox PLC said Friday it has raised EUR135 million through a share placing to fund the company's investment pipeline.
The European logistics-focused real estate investment trust placed 122.7 million shares at a price of EUR1.10 per share, or 97.02p per share.
Shares in Tritax Eurobox were up 0.6% at 97.80 pence on Friday.
Jefferies International Ltd and Kempen & Co NV acted as joint global coordinators, joint bookrunners and joint financial advisers for the placing.
"Since its IPO in July 2018, the company has completed the acquisition of eight prime Continental European logistics real estate assets and this fundraising will allow the company to further strengthen and diversify its portfolio. We look forward to deploying the proceeds of this fundraising into our high quality investment pipeline and identified asset management initiatives in the near term," said Fund Manager Nick Preston.
Following the placing, Tritax Eurobox now has 422.7 million shares issued overall.
Tritax Eurobox (EBOX)