The preferential offering price of 40 cents represents a discount of some 9.2% to the volume weighted average price of 44.03 cents per unit on July 26.
The manager of ESR REIT has announced the completion of its preferential offering which saw approximately 124.1 million new units issued at 40 cents per unit, raising $49.6 million.
The preferential offering follows a private placement which raised $100 million in May, resulting in total equity fund raising gross proceeds of $149.6 million.
