On 8 June 2017, the real estate investment trust (BE-REIT) specialised in student housing, Xior Student Housing, launched a public capital increase in cash with irreducible allocation right for existing shareholders in order to finance its announced investment pipeline as part of its growth plan.
During the subscription period with irreducible allocation rights, 95.3% of the total number of new shares offered were subscribed. The remaining offered shares were sold in an exempt accelerated private placement in the form of scrips. This transaction allowed Xior to raise approximately 84 million euros.
Eubelius advised Xior on the fulfilment of this successful capital increase. The team members involved in this transaction are Lars Van Bever, Tim Van Moorhem, Joris De Wolf and Eva Milants.
