Hibernia REIT has raised gross proceeds of €300 mln through the issue and placement of over 285 million new shares at a price of €1.05 per ordinary share.
Hibernia REIT has raised gross proceeds of €300 mln through the issue and placement of over 285 million new shares at a price of €1.05 per ordinary share.
Proceeds will be used to fund more property acquisitions as well as potential developments.
Credit Suisse and Goodbody have been named as bookrunners for the deal.
The plan will deliver net proceeds of about €287 mln after expenses and those funds will be 'substantially' invested within 18 to 24 months, the company said.
