UK regeneration specialist St Modwen plans to raise £102.1 mln (EUR 114 mln) to reduce debt and provide funds for acquisitions. The fund raising involves the placement of 80 million shares at 135 pence each, a discount of 38.4% to the closing price of 219.25 pence per share on 13 May 2009.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
