Tritax EuroBox is hoping to raise €200m (£173m) through an equity issue, to fund a string of acquisitions in Germany and Italy.
Some 168m shares will be issued at 103p each, at a 2.4% discount to their 105.5p closing price yesterday.
The company’s manager, Tritax Management, aims to use the proceeds to buy three German assets valued at €317m and three further properties in Italy and Germany with a combined value of €99m, as well as €81m development opportunities within the existing portfolio.
Tritax said it was confident that the proceeds of the issue could be deployed into this pipeline within three months of completion of the issue.
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