Supermarket Income REIT is to increase the target size of its latest share placing from £50m to £100m due to the level of interest it has received.
Investors have until 1pm on 2 October to make commitments.
The share issue, which started in September, is offering ordinary shares at 102p each, representing a 5.1% discount to the closing share price of 107.5p per share on 11 September.
The company has identified three acquisition opportunities valued at £140m. All three are occupied by Sainsburys on long RPI-linked leases with a weighted average lease term of 15 years.
In addition, all three assets benefit from low site cover and geographical locations which would support multiple sales channels, including online and click-and-collect delivery, in addition to in-store customers.
To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette
