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May 2019
tritax eurobox
Joint Global Coordinator & Joint Bookrunner
€135 million
Capital Increase

Tritax EuroBox

Joint Global Coordinator and Joint Bookrunner

Kempen is pleased to announce the successful €135 million capital increase of Tritax EuroBox

Transaction highlights

  • Fixed price (€1.10) offering of 122.7 million primary shares via a three-day bookbuild, representing a c. 41% increase in market cap, at only a 2.2% discount to close prior to deal announcement
  • The transaction was issued at a premium of 1.5% to the basic NAV per share
  • The transaction was launched on the back of a wall-crossing exercise, covering a range of new and existing investors
  • No target size was communicated to investors to keep flexibility in matching investor demand and pipeline funding needs
  • 80% of the orderbook was allocated to long-only investors, comprising real estate specialists and generalists
  • The capital raise represented 225 trading days when compared to the 30-day average trading volume of Tritax EuroBox

Company description

  • Tritax EuroBox plc invests and manages a well-diversified portfolio of well-located Continental European logistics real estate assets that are expected to deliver an attractive capital return and secure income to shareholders
  • These assets fulfil key roles in the logistics and distribution supply-chain focused on the most established logistics markets and on the major population centres across core Continental European countries
  • Since its IPO in June 2018, the Company has invested in eight prime logistics real estate assets, well positioned in key locations in Germany, Spain, Italy, Belgium and Poland

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