Centuria Industrial REIT (ASX:CIP) it set to raise $125 million to fund the acquisition of three cold storage industrial facilities.
The storage units will cost around $171 million.
CIP will raise the necessary capital through a fully underwritten institutional placement, at an issue price of $3.06 a share, at 2.9 per cent discount to its Monday close price of $3.15.
Shares in Centuria Industrial REIT (ASX:CIP)
last traded at $3.15.