Reit 1, the real estate investment fund, raised about NIS 120 million. This morning, the company reported the completion of the institutional phase of raising capital, when it won high demand in the amount of about NIS 390 million.
The closing price in the auction was set at NIS 21.51 per share, 1.7% above the opening price of the share yesterday, and it will be the minimum price at the public stage.
Dror Gad, Chairman of Reit 1, stated that “the results of the institutional tender we held yesterday to raise capital reflect the strong expression of trust in the company and its activities. The current raising joins the NIS 240 million debt raising we made last November, which will be used by the company, among other things, to complete transactions. “
“We continue to increase the asset portfolio by purchasing quality assets and improving existing assets, in the variety of sectors in which the company operates. Thus, we have only recently completed the acquisition of the SOHO complex in Netanya, and are preparing to complete the purchase of the Sky Tower parking lot in Tel Aviv. The acquisition of 50% of the new shopping center opened in Ganei Tikva, and other properties, is also evident. More, “he added.