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Tritax raises €135m

Tritax Eurobox has raised €135m (£119.1m) of gross proceeds through a share placing.

The company announced  on 21  May that it intended to raise funds from existing shareholders and new investors.

As a result, 122,727,273 shares have been placed by Jefferies International and Kempen & Co with new and existing institutional investors.

Placing shares came in at price of €1.10 (97.02p).

An application has been submitted for all placing shares to be traded on the London Stock Exchange’s main market for listed securities.

Following this approval, it is expected placing shares will open to the stock market next Wednesday and the company’s issued share capital will consist of 422,727,273 ordinary shares with voting rights

Nick Preston, fund manager at Tritax EuroBox, said: “Since its IPO in July 2018, the company has completed the acquisition of eight prime Continental European logistics real estate assets and this fundraising will allow the company to further strengthen and diversify its portfolio.

“We look forward to deploying the proceeds of this fundraising into our high quality investment pipeline and identified asset management initiatives in the near term.”

 

To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette

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