Lighthouse Capital raises almost R270m through bookbuild
The European mall owner is supported by SA investors
Lighthouse Capital, formerly known as Greenbay Properties, which owns malls in Portugal and Slovenia, said on Friday it had raised R267m through an equity bookbuild, thanks to support from five institutional investors.
Through a capital raise exercise, Lighthouse, which also invests in other listed companies, would swap shares with Hammerson plc, the owner of malls in the UK and Western Europe. This means Lighthouse held about 10.31% of Hamerson's total shares...