CEO Izak Petersen says: “We were very pleased with the capital raise as we had aimed to raise R600 million and were approximately 32% oversubscribed.”

The capital is intended to fund the acquisition of a R1.25 billion portfolio as announced in March. The acquisition portfolio comprises retail, office and industrial properties with a GLA of 340 221m².

Petersen concludes: “The capital will enable us to continue realising our strategy of growing our fund through strategic acquisitions.”