Capital increase of Victoria Properties
ATRIUM Partners advised Victoria Properties
Capital increase of Victoria Properties
Sector(s) : Real estate
Date : September 2006
Advisor(s) : Atrium Partners
Advised : Capital Increase
Mid-Capital partner ATRIUM Partners advised Victoria Properties
ATRIUM Partners acted as financial advisor to Victoria Properties in connection with a capital increase, including the listing of Victoria Properties at the Copenhagen Stock Exchange. The capital increase has been structured as a directed issue to Familien Clausen (Danfoss), J.C. Hempel’s Fond, Wefri Real Estate ApS and Anette og Carsten Følsgaard.
The purpose of the capital increase is to strengthen the capital base and provide funds for investment opportunities for Victoria Properties. The gross proceeds of the rights issue were approximately DKK 200 million. The company expects to finance future property investments through debt financing in the range of 60 - 80 percent of the acquisition price, which enables the company to acquire properties at approximately DKK 1 billion after completion of the rights issue.
Victoria Properties focuses on investments in existing, well-situated German residential and retail properties with an initial focus on Berlin and Hamburg.
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