Empiric Student Property has increased its target share issue from £90m to £125m following strong investor interest.
The business saw strong growth in the first six months to the end of December 2015, with its portfolio value up by 43% to £362m.
The company will now issue more than 116m shares priced at 107.5p, adding a slight premium to the trading price of 107.25p.
Empiric will use the funds to further invest in a pipeline of UK operating and development assets, including The Frontage, Nottingham (pictured). Dealing will commence on 21 March.
ESP’s performance has made it one of the few listed real estate companies to be trading at a higher share price than its NAV.
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