Supermarket Income REIT is increasing the target size of its issue by 60% to exceed £40m, to fund the potential purchase of two supermarkets.
It last week set out plans for a share placing to raise around £25m for these properties.
The REIT said the proceeds would either be used to buy the two assets from an originally identified £260m pipeline of five assets, or from a “growing number of opportunities” identified by its investment adviser Atrato Capital, with the balance funded through debt financing.
The share placing is expected to close on 21 March, with the results of the issue announced on the following day.
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