UK-based Segro PLC, a property investment and development company, plans to issue new shares to secure around 450 million pounds ($576.9 million).
The company said that it is raising the funds for commitment in a pipeline of UK and European projects.
Currently, Segro has more than 500 thousand square meters worth of projects in development across Europe, nearly twice what the company has in the UK.
The company added that it is on track to infuse more than $769.4 million into its projects and to acquire more land.