TAG Immobilien

TAG Immobilien is a German residential real estate company with a €3.5bn portfolio, mainly located in Northern and Eastern Germany

TAG Immobilien raised €58.3m through the placement of 5,000,000 treasury shares
Shares were placed at a tight discount of 3.6% to the last closing price
Proceeds will be used for general and corporate purposes as well as potential property acquisitions
Kempen & Co acted as Joint Bookrunner in the transaction