Aberdeen Standard European Logistics raises £125m in oversubscribed issue

Equity will be invested in mid-box and urban logistic warehouses

Aberdeen Standard European Logistics has raised £125m in equity in an oversubscribed issue. .

The real-estate specialist which invests in warehouses and commercial properties raised £275m via the issue of 114.7m new shares at 109.0p per share. Tony Roper, chairman of Aberdeen Standard said: "The very positive response to the company's fundraising from both existing shareholders and new investors is a clear endorsement of the strategy and performance of the trust to date." "The issue was significantly over-subscribed and with the near-term pipeline of acquisition opportunities growing since early September, after careful consideration the Board decided to increase the size of t...