On 20 September 2018, Leasinvest Real Estate launched a public capital increase in cash with irreducible allocation rights for its existing shareholders, to allow the company, in the context of its objective of a balanced financing structure, to attract additional financial resources in order to continue its growth strategy and bring its debt ratio back to a level between 50 and 55%.
Leasinvest Real Estate is a public regulated real estate company ("BE-REIT") specialising in high quality and well-located retail and office buildings in the Grand Duchy of Luxembourg, Belgium and Austria.
During the subscription period with irreducible allocation rights, which closed on 1 October 2018, 82.56% of the offered new shares were subscribed. The remaining offered new shares were sold in the form of scrips through an exempt accelerated private placement on 2 October 2018. This transaction allowed Leasinvest Real Estate to raise approximately EUR 83.96 million, the envisaged maximum amount of the capital increase.
Eubelius advised Leasinvest Real Estate on the realisation of this successful capital increase. The team members involved in this transaction are Lars Van Bever, Runa Vander Eeckt, Tim Van Moorhem, Joris De Wolf and Anthony Van Besien.