Cologne-based Colonia Real Estate it has raised gross proceeds of EUR 10.8 mln from a capital increase. The proceeds will be used for future expansion through acquisition of residential property portfolios and for investments in the company's existing residential property portfolios.
Cologne-based Colonia Real Estate it has raised gross proceeds of EUR 10.8 mln from a capital increase. The proceeds will be used for future expansion through acquisition of residential property portfolios and for investments in the company's existing residential property portfolios.
Colonia placed 2.8 million new shares in an accelerated bookbuilding procedure. The shares were placed on Thursday exclusively with German and international institutional investors at a price of EUR 3.80 per share, marking a discount of around 4.5% to Wednesday's closing price on the Frankfurt Stock Exchange.
The move increases the company's share capital from EUR 28.4 mln to EUR 31.3 mln.
Joh. Berenberg Gossler & Co. KG acted as the sole bookrunner for the capital increase.
