Eagle REIT raises US$35 million via VFEX

Eagle REIT unitholders approved a plan to raise up to US$35 million through private placements on the Victoria Falls Stock Exchange over three years. The approval came at the trust's annual general meeting recently. The capital raise will be used for property acquisitions and development. It authorises the trustee and REIT manager to list the units. The move will boost the REIT's portfolio and investor returns.