Segro's shares rose sharply on Wednesday after the firm unveiled plans for a 12-1 fully underwritten rights issue to raise £500.6 mln (EUR 562 mln). The UK-based real estate investment trust (REIT) said the net proceeds of the rights issue would be used to reduce net debt.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
