Reit 1, the real estate investment fund, reported this morning on the completion of the institutional phase of raising capital, with high demands amounting to approximately NIS 319 million. The company announced that it will raise approximately NIS 176 million. The closing price in the tender reflects NIS 21.26 per share, about 2.5% above the closing price in yesterday’s trading, and will be the minimum price in the public phase.
Dror Gad, chairman of Rit 1: “The results of the institutional tender we held yesterday to raise capital reflect the strong expression of confidence in the company and its operations. The fundraising will be used by the company, among other things, to complete transactions we have carried out in recent months. We continue to increase the asset portfolio through the purchase of quality assets and the improvement of existing assets, in the variety of sectors in which the company operates. Alongside This is evident in the internal growth in the company’s results, which is reflected in all areas of the company’s activity.”