Regional REIT capital raise grown despite Brexit fears

By Sam Kerr
19 Jul 2019

Regional REIT, the UK property investment trust managed by London & Scottish Property Investment Management, has raised £62.5m of equity capital, £12.5m more than expected, but sources close to the deal say it was a difficult sell because of investor concern about Brexit.

Peel Hunt was the bookrunner on the 56.7m share sale. The company had originally targeted a £50m raise but decided to sell a further 11.7m shares.

The shares were offered to investors at 106p a share.

“Originally we were looking to raise £50m and we grew it to ...

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