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Supermarket Income REIT sees strong demand for its enlarged fundraiser

Published: 03:02 27 Apr 2022 EDT

Supermarket Income REIT PLC -

Supermarket Income REIT PLC (LSE:SUPR) has confirmed it had to undertake a "material scaling back exercise" even after increasing the size of its fundraiser to £300mln from £175mln to meet demand.

In all, the real estate investment trust brought in £306.7mln once the contribution from retail investors was calculated following a parallel offer of stock by the PrimaryBid platform.

“The team's focus is now on deploying the capital efficiently into our pipeline of opportunities,” said chairman Nick Hewson.  

“We have £150mln of assets currently in exclusivity and a growing number of additional assets in our pipeline, representing opportunities in aggregate of over £700mln." 

The shares were sold for 121p each, a modest discount to the price before the fundraiser.

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