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
Warimpex quickly completes e8.1m capital increase
Vienna-based listed CEE hotel and office developer Warimpex has completed a capital increase after the conclusion of the accelerated book-building process. It placed 3.6m new bearer shares, equivalent to 9.99% of current share capital with institutional investors under the exclusion of shareholder subscription rights at a price of e2.25 to raise a total of e8.1m.
The issue proceeds will primarily be used to finance new projects. "Prices for properties at good locations have come back down to reasonable levels in central and eastern Europe. Now is a good time for new investments," said Warimpex CEO Franz Jurkowitsch.