Aberdeen Standard European Logistics raises £125m in oversubscribed issue

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

clock • 1 min read

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week