Colonia Real Estate has raised EUR3.6 mln from a new capital increase without subscription rights for shareholders. The revenues will be used to optimise existing financing and to strengthen equity, the company said in a press release.
Colonia Real Estate has raised EUR3.6 mln from a new capital increase without subscription rights for shareholders. The revenues will be used to optimise existing financing and to strengthen equity, the company said in a press release.
The capital increase was successfully placed with institutional investors for an issue price of EUR 2.77 Euros per share. The company was supported by Silvia Quandt & Cie. AG in this transaction.
With around 20,000 residential units and total assets of approximately EUR 900 mln, Colonia Real Estate is Germany's third largest publicly traded residential property company. The asset management of the CRE Group is responsible for more than EUR2.1 bn real estate assets under management.
