Investors pile into Aroundtown's €600m growth capital raising

By Aidan Gregory
16 Jul 2019

Aroundtown, the German property developer, has raised €600m to finance the acquisition of more properties after its latest capital increase attracted significant demand from investors, despite headwinds facing the German real estate sector as a result of a looming rent cap in Berlin.

Deutsche Bank, Citigroup, Berenberg and Goldman Sachs were bookrunners on the placing.  

Launched on Monday evening, with an initial size of €500m, the share sale was multiple times covered and drew orders from more than 100 investors, according to two sources close to the transaction. The ...

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