Target REIT raises £94m in share issue

Target delivers portfolio diversification with investments
Malcolm Naish, chairman, Target Healthcare

Target Healthcare REIT has raised £94m after it issued more than 87 million new shares. The shares were issued at a price of 108p. Malcolm Naish, Target Healthcare chairman, said: ‘We are pleased and encouraged by the support shown from both existing shareholders and new investors for this fundraise, particularly given the background of more…

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Deven Pamben has more than 15 years’ experience as a journalist, working on newspapers, trade magazines and online publications. A Criminology graduate, Deven worked for Hertfordshire Constabulary before becoming a journalist. He began his journalism career at a local newspaper in Hertfordshire before moving into trade magazines in permanent roles or as a freelancer. Titles he has reported and edited on include Law Society Gazette, Harpers Wine and Spirit, and Health Club Management. Deven has also written travel features for the Sunday People, and spent two years working in Beijing for the official press agency of the People’s Republic of China.