Nippon Prologis REIT has announced the price of the new investment units that will be issued in a public offering exercise.

The REIT first disclosed on 22 May that it is acquiring Prologis Park Soka for JPY51.4 billion.

To partially fund this acquisition, Nippon Prologis REIT is carrying out the equity fund raising exercise, which consists of a public offering, a secondary offering, and a third party over-allotment tranche.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.