Foncière des Murs is planning a €200 mln share capital increase with shareholders’ preferential subscription rights to support its expansion drive.
Foncière des Murs is planning a €200 mln share capital increase with shareholders’ preferential subscription rights to support its expansion drive.
Foncière des Murs has already received intentions to subscribe to the share capital increase representing more than 75% of the transaction.
The company, a subsidiary of French REIT Foncière des Régions, owns assets valued at a €3 bn and has recently expanded into the Netherlands with the purchase of the four-star NH Amsterdam Centre hotel from NH Hotel Group for €48 mln, including transfer taxes.
With the acquisition, FdM has secured a new hotel partner and made a step forward in its strategy to develop the business across Europe.
'Our strategy is to continue to invest in the hotel sector and we are currently looking at new opportunities,' Philippe Le Trung, head of FdR's investor relations, told PropertyEU.
