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 investment trust (Reit) "to take advantage of further growth opportunities in Singapore and Asia", it said in ...