Meridian REIT returns, restructured
Meridian REIT, a Dutch REIT focused on Central and Eastern Europe, re-launched a Warsaw IPO on Tuesday after restructuring the deal to make it more attractive to investors.
The target size has been reduced from €200m to €170m, Meridian's portfolio will be more leveraged at launch and an earn-out mechanism will be removed. The expected yield has also been increased, from an indicated 7%-8% to around 9% or more, after vendors relaxed price targets to allow
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