British Land to raise EUR 823m in rights issue

By A staff reporter 2009-02-13T00:00:00

British Land confirmed on Thursday that it plans to raise £740 mln (EUR 823 mln) net of expenses in a 2-for-3 rights issue. The widely expected cash call by the second-largest real estate investment trust (REIT) comes days after one of its peers, Hammerson, announced a similar move.

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