In QuotedData’s other news 15 February 2020
- Urban Logistics REIT has raised £130m via a placing of 94,545,455 new shares to investors at 137.5p. This is well in excess of the £100m it was after. It has also left room to raise an additional £12m from investors in the EU. Pre-existing investors have the opportunity to buy shares through an open offer on the basis of one new share for every 19 shares held.Richard Moffitt, Director and CEO, commented: “I am delighted that we can confidently increase the portfolio’s scale with the support of our broadened shareholder base. We will now focus on deploying the proceeds of the fundraise into high-quality urban logistics properties and working with tenants to help them get the most out of their facilities.”