Hamborner REIT AG’s capital increase has successfully been completed. In the course of the capital increase, a total of 11,350,000 new no-par value shares with full dividend rights have been issued in bearer form since 1 January 2010 at a reference price of seven euros per share; the authorised capital has thus been fully exhausted. Hamborner REIT AG’s net proceeds from the offer amount to approximately 76 m euros.
In the framework of a pre-placement, the new shares – including the new shares the subscription of which had been waived by individual shareholders before – had already been successfully offered to institutional investors subject to the exercise of subscription rights by the holders of such rights. Due to this transaction, HSH Real Estate AG’s share in Hamborner REIT AG has been reduced by more than 50% to 35.18%. On 23 September, the management board of Hamborner REIT AG had resolved with the consent of the supervisory board to increase the share capital against cash contributions with subscription rights for the shareholders of the company.
Hamborner REIT AG is a stock exchange-listed public limited company that today exclusively operates in the real estate sector and has positioned itself as a portfolio holder for high-yielding commercial properties. The company is a real estate investment trust (REIT) and has sustainable rental incomes based on a nationally-dispersed substantial real estate portfolio.
A Linklaters team led by Christoph Vaupel (corporate/equity capital markets) provided comprehensive advice with respect to this transaction to WestLB AG as sole lead manager and sole bookrunner and to the co-lead managers involved.
The team also included Fabian Ehlers, Mark Devlin, Ulli Janssen, Isabella Ries, Johannes Baare, Christian Schubert (all corporate/equity capital markets), Roland Fabian, Carsten Andreas Bremer, Dr Fabian Hartwich (all real estate) as well as Dr Michael Ehret and Dr Ulrich Johann (both tax).
