Segro has received an 86.53% take-up for its placing and open offer to raise £250m to fund the purchase of Brixton, its rival. The remaining 13.47% will be allocated to investors.
Segro has completed the biggest property company takeover of the downturn so far and successfully bought its industrial rival REIT, Brixton.
Patron Capital and APAM have made three new lettings totalling 58,000 sq ft at Arlington Business Park outside Reading.
Ocubis has sold City of London building Cannon Green to Korean investor KiwoomAM for £120m.
Orchard Street has completed the purchase of two hotels in Newcastle from Union Property Development for £38m on behalf of its St James’s Place fund.
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