OfficeFirst Immobilien targets €1.8bn IPO after IVG spin-off

Frankfurt 230 Germany
By Aidan Gregory
03 Oct 2016

OfficeFirst Immobilien, which owns a German office portfolio spun off by IVG Immobilien, has opened the books for its Frankfurt IPO, with a price range that could value it at up to €1.82bn.

Deutsche Bank and Goldman Sachs are global coordinators. Kempen & Co, Berenberg and Bank of America Merrill Lynch are bookrunners.

The company was formed as a result of the insolvency and restructuring of IVG Immobilien, a formerly listed company, in 2013-14. OfficeFirst held its German office assets, which were ...

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