Custodian REIT hopes to raise up to £75m in a share issue to boost its investment into the regions.
The shares will be issued at 104.2p, a 4.6% discount to the mid-market price of 3 November.
The initial target of the issue will be to raise £50m through private placement, subscription and open offer, with an allowance for a further £25m depending on demand.
In addition to using the capital to invest, Custodian will also uise the proceeds to help pay down some of the revolving credit facility of £3.9m.
Investors will have access to a growing stream of income from the investments made by the company, as well as the forthcoming £69.4m Target Portfolio due to complete in January 2016.
