Pacific Industrial & Logistics REIT has confirmed the launch of a £50m fundraising this morning to acquire 16 properties for £73.6m, as revealed in Property Week last Friday.
The deals will increase the specialist urban logistics investor’s portfolio size by 60% to £200m.
The business has also announced its intention to change its name to Urban Logistics REIT, with the stock exchange ticker SHED, better representing what it does.
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