Nov 23 (Reuters) - NEXTDC Ltd NXT.AX :
* Capital raising announcement NXT.AX
* Says initial investment in new facilities expected to be $175 million to $200 million over the next 12 to 18 months
* Says NEXTDC intends to acquire the land and buildings associated with the new facilities
* Says placement to institutional investors to raise $50 million at $2.55 per share
* Currently undertaking due diligence on number of new sites for each of the new facilities and expects to commission both facilities in 2h FY 2017
* Source text for Eikon ID:nASX2647QD