Tritax raises £250m for db Symmetry deal

Tritax Big Box REIT has raised around £250m through a share issue. The firm issued more than 190m shares at 130 pence per share. The net proceeds will be used to fund the purchase of an 87% interest in db Symmetry and further investments. Sir Richard Jewson, non-executive chairman of the company, said: “This fund raising enables the company to move forward with the acquisition of db Symmetry which represents a significant opportunity for the future further growth of the company, investing in assets on attractive terms and helping to ensure we maintain the high quality nature of our portfolio.