APN Industria REIT (ASX:ADI) raises $35 million
APN Industria REIT (ASX:ADI) has successfully raised $35 million via the institutional placement it announced on the 10th of December.
It issued approximately 12.2 million shares at an issue price of $2.86.
The proceeds will be used to partially fund the acquisition of 4 modern industrial properties.
APN Industria is also undertaking a security purchase plan to raise up to $5 million.
Shares in APN Industria REIT (ASX:ADI) are trading 1.4 per cent lower at $2.91.
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Source: Finance News Network
