MI-Reit signs AMP Capital as co-sponsor, seeks new capital
MacarthurCook Industrial Reit raises $155.5 million in new capital, including a $15.8 million investment by AMP and a $111 million rights issue. Separately, AMP Capital hires Anthony Fasso to head its international business.
MacarthurCook Industrial Reit (MI-Reit) has announced a series of fundraising measures that will allow it to repay a portion of its borrowings that expire in December and at the same time buy five new properties. The combined measures, which include a rights issue, the introduction of a new strategic investor and the sale of new shares to eight cornerstone investors, will bring in S$217.1 million ($155.5 million) in fresh funds and will position the Singapore-listed real estate invest…
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