Colonia Real Estate said it will raise about EUR 200 mln through a share issue. The details of the capital increase will be determined and published shortly prior to the transaction. The capital increase is set to be completed in the first half of 2007, the company said.
Colonia Real Estate said it will raise about EUR 200 mln through a share issue. The details of the capital increase will be determined and published shortly prior to the transaction. The capital increase is set to be completed in the first half of 2007, the company said.
Proceeds will be used to partially re-finance the recent acquisitions of majority stakes in two residential real estate companies as well as to fund the company's strong pipeline of potential investments in both residential and commercial real estate portfolios. Colonia Real Estate is a listed real estate investment and management company focusing on the German market.