After Monday’s market closed, Sirius Real Estate confirmed that it has secured £137m through a share sale to back its latest acquisition.
The company, which has historically invested in German industrial parks, said this morning that it has agreed a £245m takeover of UK flexible office operator BizSpace.
The associated capital raise saw the company sell more than 105.2m new shares priced at 130p each, a 6% discount to Friday’s close. The company’s stock fell by 3.9% over the course of the session to 132.6p.
The day’s biggest real estate gain came from Panther Securities, up by almost 11% to 305p. The investment firm said today that it has completed the sale of four industrial units in Wembley for £8.7m.
The FTSE 100 was almost flat at 7,300, while the FTSE 250 finished the day down 0.2% at 23,539.
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