LXi REIT has completed its latest equity raising after doubling the size of the issue to £250m.
With more than £350m of acquisitions in the pipeline, the company said demand for the placing still exceeded the scaled-up size.
Chairman Stephen Hubbard said: “We have seen exceptionally strong investor demand for our issue, and together with the strength of our nearer-term pipeline of over £350m of accretive investment opportunities and the investment adviser’s track record of rapid deployment, we chose to double the size of our capital raise to £250m.”
