British Land, the owner of the Glasgow Fort retail park, is raising £500 million through a share placing as it eyes further property acquisitions.
The company is placing more than 89.6 million shares, equivalent to 9.99% of the issued share capital, with existing and new institutional investors.
The money will be used to snap up further commercial and retail property assets with British Land having spent £213m in recent months while a further £150m of transactions are at an advanced stage.
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