European healthcare investor Aedifica has successfully completed a public offering worth €459 mln, representing the largest ever capital increase for a Belgian REIT.
Following the public offering of shares and an accelerated bookbuilding, Aedifica said that existing shareholders and new investors 100% subscribed the 5,499,373 new shares on offer.
Stefaan Gielens, CEO of Aedifica, commented: 'Aedifica is very pleased with the result of this capital increase. Moreover, it is the largest capital increase ever among Belgian listed real estate companies.
'This success is a clear vote of confidence of the existing and new shareholders in Aedifica’s strategy. We therefore wish to expressly thank everyone for their support.'
The payment and delivery of the new shares wll be carried out on 27 October, on which date they will also become tradable on the regulated markets of Euronext Brussels and Euronext Amsterdam.
BNP Paribas Fortis, ING Belgium and JP Morgan Securities acted as joint global coordinators and joint bookrunners; Belfius Bank, KBC Securities, Kempen & Co and Société Générale acted as joint bookrunners; and ABN AMRO and Bank Degroof Petercam acted as co-lead managers in the transaction.
Aedifica’s market capitalisation was around €2.9 bn as of 22 October. The healthcare REIT, which specialises in senior housing, has developed a portfolio of more than 450 sites in Belgium, Germany, the Netherlands, the United Kingdom, Finland and Sweden, worth approximately €3.5 bn.
Aedifica is included in the EPRA and Stoxx Europe 600 indices.
