Listed UK grocery property investment trust Supermarket Income REIT has raised 拢200m (鈧�232m) by issuing new shares at 115p each.
The company said it decided to increase the size of its initial issue from 拢100m to 拢200m due to a strong level of support from investors and available investment opportunities.
Nick Hewson, chairman of Supermarket Income REIT, said: 鈥淒emand for this issue has been exceptionally strong, resulting in us doubling the size of the capital raise. We are very grateful to our existing and new investors for their continued support.鈥�
Hewson said the company has 拢180m of target assets already under exclusivity and a pipeline of 拢420m in potential further acquisitions.
鈥淲e are confident that we will be able to deploy proceeds efficiently into a number of attractive omnichannel supermarkets let to some of the UK鈥檚 largest supermarket operators to deliver our investors with a stable and growing, inflation-linked income return.鈥�
To read the digital edition of the latest 91传媒在线 magazine click here.
