Regional REIT seeks £50m to fund regional office buys

Stephen Inglis Regional REIT

Regional REIT is seeking around £50m from a fundraising to help fund the acquisition of six regional office assets.

The issue price for the new shares will be 106.5p each, which represents a discount of 1.8 per cent to the closing price last Friday. The price also represents a discount of 7.8 per cent. to the group’s net asset value at 31 December 2018 of 115.5p per share.

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