Degroof Petercam contributed as Global Coordinator to Leasinvest’s successful € 84 million public offering of new shares

Brussels, 2 October 2018 – On 19 September, Leasinvest, a B-REIT investing in high quality and well-located retail and office buildings in Luxembourg, Belgium and Austria, announced its intention to raise € 84 million through a public offering of new shares with irreducible allocation rights to existing shareholders.

The subscription period, from 20 September and until 1 October, resulted in a subscription of  82.56% of the offered shares. Earlier today, the unexercised irreducible allocation rights, under form of scrips, were placed with institutional investors in an accelerated bookbuild offering. As a consequence, Leasinvest’s envisaged capital increase is fully subscribed.

Degroof Petercam acted as Global Coordinator in this capital increase, which allows Leasinvest to further pursue its growth strategy (including € 127m in already identified acquisitions), while maintaining a balanced capital structure.

Michel Van Geyte, CEO of Leasinvest: “Leasinvest thanks all its shareholders for their confidence. With these additional financial resources, we can continue to focus on growth and further create value for our shareholders.”

François Wohrer, Group Head of Investment Banking at Degroof Petercam: “We are very pleased with the success of this transaction, in support of Leasinvest’s growth story. We would like to congratulate the Leasinvest management team and its shareholders and thank them for the trust they placed in us all these years.”

 

About Leasinvest Real Estate SCA

Public regulated real estate company (B-REIT) Leasinvest Real Estate SCA invests in high quality and well-located retail and office buildings in the Grand Duchy of Luxembourg, in Belgium and in Austria.

At the date of this press release the total fair value of the directly held real estate portfolio of Leasinvest amounts to € 922 million spread across the Grand Duchy of Luxembourg (54%), Belgium (35%) and Austria (11%). Moreover, Leasinvest is one of the largest real estate investors in Luxembourg. The portfolio consists of retail (48%), offices (44%) and logistics (7%).

The public RREC is listed on Euronext Brussels and has a market capitalization of € 532 million (value 1 October 2018).

Alexandra Niehe

Head of corporate communications, Bank Degroof Petercam

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About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge.

Private and institutional investors, as well as corporates trust us for our strong investment convictions and for our continuum of services in private banking, asset management, investment banking and fund servicing.

On December 31, 2023, total assets amounted to 74.3 billion euros. More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy, Hong Kong and Canada.

As employer and investor, we create responsible prosperity for all by opening doors to opportunities and accompanying its clients with expertise.

Owned by CLdN Cobelfret (20%) and Indosuez Wealth Management (65%), Degroof Petercam benefits from the vast expertise and action scope of the international network of Indosuez Wealth Management and the Crédit Agricole group, the world's 10th largest bank.

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