Deutsche Euroshop has raised just under EUR 168 mln from a bond and share issue to fund the acquisition of a shopping centre from German real estate group ECE.
Deutsche Euroshop has raised just under EUR 168 mln from a bond and share issue to fund the acquisition of a shopping centre from German real estate group ECE.
The listed German shopping centre investor said it plans to acquire the centre for between EUR 160 mln and EUR 190 mln. The asset has 130 shops as well as office and residential space. It is located in a secondary location in one of the top five cities in Germany.
The funds for the acquisition were generated by issuing some EUR 67.8 mln of new shares and carrying out a EUR 100 mln convertible bond issue.
PropertyEU is holding a special investment briefing in Frankfurt on the outlook for the German market in 2013. Click on the link below to find out more about the event that takes place on the morning of 27 November.
