mireit-signs-amp-capital-as-cosponsor-seeks-new-capital

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 investment trust Reit to take advantage of further growth opportunities in Singapore and Asia, it said in a statement on Friday.

AMP Capital Investors, one of the largest real estate fund managers in Australia and...

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