Tritax EuroBox is planning to raise £173m (€200m) by way issuing shares to pursue acquisitions.
The London-listed European logistics real estate investor is proposing to issue new shares at 103p each, a price which represents a 2.4% discount to the shares’ last closing price.
The company’s manager, Tritax Management, expects to use the net proceeds of the capital raise, together with existing resources and debt, for acquisitions in Germany and Italy and for development opportunities within the firm’s existing portfolio.
The company’s €839.3m portfolio currently comprises 13 assets, spread across logistics locations in six core continental European countries.
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