Image:
The issue was oversubscribed
Supermarket Income REIT has raised £200m in a “significantly oversubscribed” issue, its board has announced.
The REIT, which invests in supermarket real estate, was initially targeting £100m, but the board decided to increase the size due to demand and the confidence of the investment pipeline. Despite the increase, investor demand still "substantially exceeded the maximum size of the initial issue and as such, a material scaling back exercise was undertaken", the board said. AIC: Secondary fundraising eclipses 2019 levels Nick Hewson, chairman of the company, said £180m of target assets were already under exclusivity with a "robust pipeline" of £420m in potential acquisitions. "W...
To continue reading this article...
Join Investment Week
- 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
