Amsterdam-listed real estate company NSI has raised €300 mln of new equity in a share offer.
Amsterdam-listed real estate company NSI has raised €300 mln of new equity in a share offer.
On 11 November, NSI confirmed all the shares had been allocated.
The offer of 75 million new shares at €4 each was announced on 8 November. The company said it will use the proceeds to shore up its financial position and to take advantage of potential acquisition opportunities in the Dutch market.
A group of investors, including CBRE Clarion Securities and Cohen & Steers UK, committed themselves to €220 mln of the placement. ABN Amro, ING and Rabobank procured qualified investors for the €80 mln of shares they had underwritten.
ABN Amro, ING and Rabobank are joint financial advisors and placement agents. ABN Amro is acting as listing and settlement agent. Kempen & Co is the financial advisor in connection with this transaction.
NSI is a listed closed-end property investment company that manages €1.9 bn of office and retail assets in the Netherlands and Belgium.
