Fund manager Lee and CFO Brooks on acquisition and financing opportunities for enlarged group
Shareholders are due to vote on the proposed merger with Secure Income REIT on 22 June
REIT is busy spending money raised in latest equity deal
Company doubles size of planned deal as acquisition pipeline fills out
REIT is doubling the target of the share issues it announced last month.
The portfolio has grown by 9% over the last quarter to £1.33bn, as rent collections remain at 100%
Seller Laxmi Nivaria is an existing investor and will be paid 88% of the value in new shares
The prelets for the Basildon site are valued at £19.5m
The pair had been in ‘very preliminary discussions’
REIT eyes £125m acquisition pipeline
Sheds investor expands assets and team
The investor wants to be a UK answer to US net lease investors – with the help of a few Starbucks