Stock Exchange of Mauritius- and JSE-listed Greenbay Properties on Tuesday raised about R4-billion in an accelerated bookbuild.
This was double the R2-billion it had initially set out to raise.
The funds were raised through the placing of 2.03-billion shares at R1.97 a share on the South African register and €0.126 a share on the Mauritian register.
Greenbay earlier on Tuesday said it was evaluating further significant retail opportunities in Europe.
It already has an interest in retail properties in Portugal and Slovenia.