Daiwa House REIT has priced the new units that it will be issuing under a fundraising exercise.

The REIT first disclosed on 18 August that it will issue up to 45,000 new units under the exercise, which would raise net proceeds of some JPY12.27 billion.

Proceeds from the exercise will be used by Daiwa House REIT to partially fund the acquisition of four logistics assets across Japan for JPY37.9 billion.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.