LXi REIT has increased the target size of its £75m placing to £100m.
The firm said it made the decision after reviewing the level of support from potential investors as well as its pipeline of investment opportunities.
The raising, at 133p per share, will fund a £125m pipeline including two sale and leaseback portfolios focusing on the education sector, and long-lease supermarket schemes prelet to Lidl, Co-op and Sainsbury’s.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
