APN Industria REIT (ASX:ADI) raises $35 million
[videojs_hls url=’//du7x25at22z7c.cloudfront.net/297509/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/2020/Headlines03_360_201211.jpg’]
APN Industria REIT (ASX:ADI) has successfully raised $35 million via the institutional placement it announced on the 10th of December.
It issued approximately 12.2 million shares at an issue price of $2.86.
The proceeds will be used to partially fund the acquisition of 4 modern industrial properties.
APN Industria is also undertaking a security purchase plan to raise up to $5 million.
Shares in APN Industria REIT (ASX:ADI) are trading 1.4 per cent lower at $2.91.
Copyright 2020 – Finance News Network
Source: Finance News Network
