Radnor acts in Capital Advisory role to Pacific Industrial & Logistics REIT
Radnor Capital Partners is pleased to announce that it recently advised on the successful secondary placing by Pacific Industrial & Logistics REIT, raising £11.1m of fresh equity.
Acting in a Capital Advisory capacity, Radnor introduced the company to a broad range of new investors and advised the company throughout the fundraising process. This fundraising will enable Pacific to capitalise on its pipeline of smaller lot size industrial and logistics properties, as well as laying the foundations for the future growth of the business.
Despite an unpredictable 2016, we have continued to build both our retained and project client base. Encouragingly, we have positive momentum heading into 2017. Our unique combination of independent advice, advocacy and access to investors and capital is proving increasingly relevant for corporates. We recognise the market may be changing but corporate expectations have not.
Richard Moffitt, CEO of Pacific Industrial & Logistics, commented:
“Radnor Capital Partners bought clarity and energy to our successful fundraise. Their clear advice was timely and relevant and the investors they introduced will provide the foundations for our growth plans.”
Tom Durie, Managing Partner of Radnor Capital Partners, commented:
“This successful fundraising from institutional and Private Client Fund Managers comes towards the end of a promising first year for Radnor Capital Partners. We look forward to working closely with Pacific and assisting the future growth of their strategy.
This transaction sums up our approach of clear, relevant and impartial advice coupled with our deep investor relationships. We are delighted with our progress to date and are looking forward to taking that momentum through into 2017.”