Belgian retail property investment company Qrf is planning to carry out an initial public offering on the Brussels stock exchange later this month.
Belgian retail property investment company Qrf is planning to carry out an initial public offering on the Brussels stock exchange later this month.
Qrf, which was founded in September, is sponsored by Quares REIM Retail, part of the Quares group, an experienced player on the Belgian real estate services market.
The company said it hopes to raise a maximum of €75 mln from the operation. The proceeds will be used to partly finance the purchase of a real estate portfolio with a fair value of €114 mln in Belgium. The assets generate €7 mln in annual rental income.
KBC Securities NV and ING Belgium have been appointed as global coordinators and will act as joint bookrunners together with Belfius Bank and Petercam.
