Triple Point launches share issue and placing to fund acquisitions

Social housing

Triple Point Social Housing REIT has launched a share issue to raise up to £154.5m to fund an aggressive acquisition programme up to the end of the year.

The issue will initially be for up to 100m shares priced at 103p, but will be increased to 150m shares if the company identifies additional investments that it believes can be completed by 31 December.

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