TLG procures €222mn through capital increase


TLG Immobilien has placed 8.5 million new shares with institutional investors at a price of €26.13 per share and intends to use the €222mn in proceeds to finance its announced acquisitions. The new shares are expected to be admitted to trading on July 1 and will be included in the existing Prime Standard listing of the Frankfurt Stock Exchange one day later. TLG’s share capital will thus increase by 8.2%, to nearly €112mn. The private placement was carried out in an accelerated bookbuilding process and was coordinated by Deutsche Bank and JP Morgan. TLG had issued a €600mn bond with 1.5% interest at the end of May, the proceeds of which will also be invested in real estate acquisitions.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.