Supermarket REIT confirmed today it has raised £150m via its latest share issue to maintain its policy of aggressively buying up supermarkets that also act as warehouses for online services.

The real estate investment trust had originally hoped to raise £100m but such was the demand the board authorised the 50% increase.

The funds will go towards securing four ‘omnichannel’ assets worth in the region of £230m. Since July last year Supermarket REIT has spent more than £518m on 19 separate transactions and now has a portfolio worth more than £1.1bn.

Company chairman Nick Hewson, who bought 75,050 new shares, said: “We are extremely grateful to our existing shareholders and new investors for their strong support exhibited by the exceptional level of demand for this upsized capital raise.

“Our pipeline of transactions is strong and we have seen an increase in attractive investment opportunities since the marketing roadshow began and therefore expect to be able to deploy efficiently the proceeds of this latest raise into high quality, long let, omnichannel supermarket assets that support our investment strategy.”

The new shares will be admitted to trading on Match 23.