Tritax Big Box REIT has raised more than £350m (€415m) in an oversubscribed placing.
The issue exceeded its initial £200m target size, with backing from existing and new investors, according to Richard Jewson, non-executive chairman.
The London-based real estate investment trust (REIT), which holds a 18.2m sqft portfolio of UK logistics assets, said proceeds from the issue will be used to acquire more properties.
Net proceeds from the issue will be invested within six months of admission, the firm said.
Jewson said: “We continue to believe that the ‘big box’ logistics sector is one of the most attractive asset classes in the UK property market.
“This fundraising will enable the to build upon its strong position and pursue attractive investment opportunities.”
The firm’s current portfolio is worth £1.89bn, according to its website.
