Brussels-listed property group Atenor said on Monday it plans to makes a EUR 31mln public bid on all,429 Westland Shopping Center 1980 real estate certificates issued by Le Certificat Foncier. The Offer represents a premium of 11.48% on the last stock price, of 30 September, and of 15.26 % on the weighted average stock price over the past year.
Brussels-listed property group Atenor said on Monday it plans to makes a EUR 31mln public bid on all,429 Westland Shopping Center 1980 real estate certificates issued by Le Certificat Foncier. The Offer represents a premium of 11.48% on the last stock price, of 30 September, and of 15.26 % on the weighted average stock price over the past year.
The EUR825 per certificate offer values the Westland bid at EUR31,696,500. The underlying asset is the long-term lease rights on a portion of the Westland Shopping Center in Anderlecht, Brussels, which expire in 2036.
