Housebuilder Taylor Wimpey has raised £522 million from investors as it looks to take advantage of cheaper land during the pandemic.
The group said it had received "strong support" for the share placing with institutional and retail investors, having originally aimed to raise £500 million.
Announcing the plans late on Wednesday, Taylor said it is "now seeing a significant opportunity to invest in land at attractive prices".
Taylor said the disruption in Britain's land market as result of the Covid-19 crisis has created "short-term opportunities to acquire land from a broad range of sources at attractive returns and prices below pre-Covid-19 levels".
It has continued to actively acquire land throughout the pandemic, buying 12 sites in recent weeks.
The group said the money raised - including £200,000 from chief executive Pete Redfern - would go towards another 13 sites it is currently buying as well as 60 more the group is in discussions to acquire.
