private placement

The capital injection enhances its balance sheet and provides financial flexibility for growth initiatives, says the group

It will use the S$150 million raised to partially fund two buildings in Bengaluru, India

The issue price will be between S$1.208 and S$1.237 per new unit – a discount of 2.6 to 4.9%

The units are priced at S$2.11 apiece

To partly fund the acquisition, the Reit has launched a private placement to raise £4 million

Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building

Trust managers can drive growth with astute property purchases

It says this is in line with its strategy to capitalise on industry tailwinds driven by increasing decarbonisation

Alongside a preferential offering, this brings the Reit’s total equity fundraising to around S$421.3 million