Centuria Industrial REIT (ASX:CIP) looking ro raise $125m for acquistion
[videojs_hls url=’//du7x25at22z7c.cloudfront.net/297281/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/2020/Headlines05_360_201117.jpg’]
Centuria Industrial REIT (ASX:CIP) it set to raise $125 million to fund the acquisition of three cold storage industrial facilities.
The storage units will cost around $171 million.
CIP will raise the necessary capital through a fully underwritten institutional placement, at an issue price of $3.06 a share, at 2.9 per cent discount to its Monday close price of $3.15.
Shares in Centuria Industrial REIT (ASX:CIP) last traded at $3.15.
Copyright 2020 – Finance News Network
Source: Finance News Network
