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Dec 2019
Joint Bookrunner
€ 69 million
Accelerated Bookbuild Offering

Befimmo S.A.

Joint Bookrunner

Kempen is pleased to announce the successful placement of €69m of treasury shares of Befimmo S.A.

Transaction highlights

  • Raising €69 million, Befimmo successfully completed a sale of c1.3m treasury shares
  • The transaction received strong interest from new and existing Long Only and Real Estate specialist investors
  • The total offering of 1,266,300 treasury shares via an accelerated bookbuild represents 4.48% of outstanding shares
  • The shares were priced at a 3.7% discount to the last price pre-market halt, indicating strong demand in line with the  share price performance over the last 6 months
  • The proceeds of the transaction will allow management to strengthen their ongoing investment strategy and invest in accretive opportunities from an identified pipeline of c€100m of acquisitions. Simultaneously, the company will invest in the ongoing growth of its co-working solution Silversquare. 

Company description

About Befimmo

  • Befimmo S.A. is a Belgian REIT listed on the Brussels Stock Exchange and is being led by a fully dedicated internal management team
  • The company is headed up by Benoît de Blieck (CEO) and Laurent Carlier (CFO) who oversee a strategy of high-quality workspaces that are mainly located in Brussels, key Belgian cities and Luxembourg
  • Through Silversquare Befimmo aims to develop a network of interconnected workspaces in Belgium and Luxembourg

Kempen Real Estate credentials

  • Kempen has advised on Real Estate transactions in 13 different countries in Europe since 2017
  • This transaction underpins our #1 position in European Real Estate ECM since 2011
  • The deal represents Kempen’s 8th real estate ECM transaction for the year, including deals with WDP, Vonovia, Arima, Tritax Eurobox and Aedifica, totaling over €1.7 billion

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