Three-day bookbuild offering

€ 135 million
Joint Global Coordinator Joint Bookrunner
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Tritax EuroBox

Joint Global Coordinator and Joint Bookrunner

Kempen is pleased to announce the successful €135 million capital increase of Tritax EuroBox

Transaction highlights

  • Fixed price (€1.10) offering of 122.7 million primary shares via a three-day bookbuild, representing a c. 41% increase in market cap, at only a 2.2% discount to close prior to deal announcement
  • The transaction was issued at a premium of 1.5% to the basic NAV per share
  • The transaction was launched on the back of a wall-crossing exercise, covering a range of new and existing investors
  • No target size was communicated to investors to keep flexibility in matching investor demand and pipeline funding needs
  • 80% of the orderbook was allocated to long-only investors, comprising real estate specialists and generalists
  • The capital raise represented 225 trading days when compared to the 30-day average trading volume of Tritax EuroBox

Company description

  • Tritax EuroBox plc invests and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver an attractive capital return and secure income to shareholders
  • These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries
  • Since its IPO in June 2018, the Company has invested in eight prime logistics real estate assets, well positioned in key locations in Germany, Spain, Italy, Belgium and Poland

Contact

Dick Boer
Thomas ten Hoedt

Transactions