Supermarket Income REIT PLC (LSE:SUPR) (Supermarket Income REIT PLC (LSE:SUPR)) has almost doubled the target size of its latest share issue to £300mln following a ‘strong’ level of support from potential investors.
The UK-based real estate investment trust initially aimed to raise £175mln when it announced the offer on 7 April.
Priced at 121p, the placing, which has not been underwritten, will now close on 26 April to allow for additional applications to be processed.
The increased issue size reflected an enthusiastic response to its marketing roadshow said the REIT, especially investor confidence in the pipeline and the availability of new opportunities.
SUPR specialises in sites occupied by the major grocery chains that have online/ omnichannel potential.
Shares climbed 1.6% to 125.5p on the news.