Supermarket Income REIT has raised £200m to buy sites, after scaling up its target amount from around £150m.
The company scaled up its issue size after noting an “increase in further appropriate investment opportunities” since its marketing roadshow began.
It also noted a “strong level of support and quality of demand from investors in the initial issue alongside its confidence in executing on the pipeline”.
Nick Hewson, chairman of the company, said: “The funds raised will allow us to execute on our strong pipeline of deals as we continue to deliver on our strategy of providing investors with stable, long-term, inflation-protected income.”
The company has identified a pipeline of potential acquisitions valued at more than £400m.
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