PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Vienna's Atrium raises equity from investors, plans new listing
Atrium European Real Estate, formerly Meinl European Land, has agreed a new equity raising with investors Citi Property Investors and Tel-Aviv listed Gazit-Globe, scrapping a proposed rights issue following a decline in its share price and a proposed investigation by the Austrian Takeover Commission. The plan will raise e72.1m in new equity, reducing the Jersey-registered CEE shopping centre investor, manager and developer's debt by at least e103m in principal and significantly cutting the equity overhang from outstanding warrants to 5m from 30m.