Warehouse REIT has acquired a 500,000 sq ft logistics site let to Amazon, for £57m
REIT revives shelved equity raise plans
Firm to raise an extra £100m through an open offer, offer for subscription and intermediaries offer
The company has completed or is under offer on 43 lettings and lease renewals since 1 April
NYSE-listed Iron Mountain has agreed a 26% uplift in rent
REIT hopes to get postponed fundraising back on track as market volatility eases
Tilstone Partners takes on Scott Edgar to oversee all asset management activity
Warehouse REIT is looking to raise £100m to pump into a £352m pipeline of diverse acquisitions
Value rises from £438.7m at the end of September 2019 to £464.8m at the end of January this year
REIT has identified investment opportunities with a target investment yield of more than 6%
Long-term facility with a club of lenders to replaces existing £210m HSBC facility.
The firm’s EPRA net asset value per share fell by 4% to 105.2p