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Regional REIT completes £110.5m capital raise to avoid liquidation
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According to the REIT, £26.3m will be used to reduce bank facilities, while another £28.4m will be invested in accretive capital expenditure projects on assets. Kevin McGrath, chair of Regional REIT, said: «The successful £110.5m capital raise in July 2024, has placed the company on a much stronger footing with the £50m retail bond repaid in full, the continued reduction of debt, while providing the [trust] with greater financial flexibility to fund capital expenditure on assets to maximise value and income for shareholders over the long term.» In addition, McGrath noted the trust is ...
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