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Schroder Real Estate Investment Trust Ltd announces issues of equity and acquisition of The Arndale Centre


Friday, 10 Jan 2014 02:00am EST 

Schroder Real Estate Investment Trust Ltd:Says it has issued 35,592,128 new ordinary shares by way of a placing representing 10% of the company's existing issued share capital.Says the placing was completed at 48.25 pence per share, raising gross proceeds of about 17.2 mln pounds.Says following completion of the placing the company announced that it has exchanged unconditional contracts to acquire the Arndale Centre in Headingley for 16.23 mln pounds from Joint Fixed Charge Receivers.Says the property comprises a 125,834 sq ft multi-let retail, leisure and office property located in a densely populated suburb of Leeds. 

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