This operation consisted of the issue of 35.64 million new simple shares at an issue rate of 7.1 euros a share. According to the firm, this capital expansion represents 9.99% of Colonial’s capital stock before the issue, and 9.08% after the completion of the placement process. The main objective is to strengthen Colonial’s own resources, to make the most of the investment opportunities in the present market, to invest in repositioning and to make improvements so as to maximise the quality, occupation and value of assets in their portfolio, and also to enhance their rating.
Additionally, according to news from Spanish Real Estate, the issue carried out with monetary contributions by means of a private accelerated placement procedure has been placed among a base of qualified national and international investors.
Colonial’s market capitalisation was about 2,800 million euros.