Supermarket Income REIT has completed a scaled-up, £150m equity fundraising.
The company has also raised a further £3m through an issue to retail investors.
The REIT announced the fundraising earlier this month, saying the new capital would help it finance a pipeline of acquisitions that included four near-term purchases valued at £230m, as well as nine further assets valued at £184m.
Yesterday the company said it would increase the target to £150m from £100m on the back of strong support and new investment opportunities.
Chairman Nick Hewson, who took up shares in the issues alongside all of the REIT’s directors, said: “Our pipeline of transactions is strong and we have seen an increase in attractive investment opportunities since the marketing roadshow began and therefore expect to be able to deploy efficiently the proceeds of this latest raise into high-quality, long-let, omnichannel supermarket assets that support our investment strategy.”
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