Lighthouse Properties on Monday morning increased the amount of its equity capital raise to R300m in the light of strong demand.
Earlier it had announced it planned to raise about R100m through an accelerated bookbuld process. The capital raise, for which Java Capital is acting as sole bookrunner, is subject to pricing acceptable to Lighthouse.
“In light of the strong demand in response to the earlier announcement of an equity raise, Lighthouse confirms that it will increase the amount of equity targeted to R300m,” it said.
The group said on Monday that it continued to invest in dominant and defensive malls located in major Western European cities, underpinned by strong economic fundamentals and growth prospects.
In line with its focused capital allocation strategy, Lighthouse acquired four regional malls in Iberia during 2024 and completed a fifth acquisition, Alcalá Magna, in March 2025.
The group signed an exclusivity agreement in February for the acquisition of a further mall in Spain, which is expected to close in June and will increase the company’s exposure to Iberia to about 86%.
“Lighthouse continuously identifies and assesses strategic opportunities, while proactively managing its liquidity to remain well-positioned for value-accretive investments as they arise,” it said.
In September, Lighthouse raised about R500m in a bookbuild.
The group owns properties in France, Portugal, Slovenia, Spain and the UK.
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