Listed Dutch property investor NSI has announced a €300 mln share issue to bolster its balance sheet and to finance future acquisitions.
Listed Dutch property investor NSI has announced a €300 mln share issue to bolster its balance sheet and to finance future acquisitions.
NSI said it will issue 75 million new shares at €4 each, with the proceeds being used to shore up its financial position and to take advantage of potential acquisition opportunities in the Dutch market.
The company said a group of investors, including CBRE Clarion Securities and Cohen & Steers UK, have already committed themselves to €220 mln of the placement.
The remainder will be guaranteed by ABN Amro Bank, ING and Rabobank which will act as placement agents.
