Regional REIT capital raise grown despite Brexit fears
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 ...