Baker McKenzie advised Fundamenta Real Estate in its public rights offering dedicated to existing shareholders exercising their subscription rights and two shareholders who entered into firm underwriting agreements with the company.
The new 5,010,472 registered shares have been placed at a placement price of CHF 18.35 per share. The gross proceeds of the offering amount to approx. CHF 88.5 million. The new shares have been admitted to trading on the Standard for Real Estate Companies segment of SIX Swiss Exchange as of April 27, 2021.
Baker McKenzie advised Fundamenta Real Estate AG on all legal aspects of this transaction with a team led by Samuel Marbacher (Partner, Real Estate) and Philip Spoerlé (Senior Associate, Capital Markets) and further comprised Alexander Wyss (Partner, Real Estate), Zarina Füglister (Associate, Real Estate and Capital Markets), Susanne Liebel-Kotz (Senior Associate, Tax), Manuel Hirlinger (Junior Associate, Capital Markets), Raphael Schneuwly (Junior Associate, Transactions) and Lukas Frommelt (Junior Associate, Transactions).
Zürcher Kantonalbank acted as Lead Manager and Luzerner Kantonalbank AG acted as Co-Lead Manager in this capital increase transaction.
Fundamenta intends to use the net proceeds for further developing its existing real estate portfolio (repositioning, modernisation and investments within the framework of the defined sustainability strategy), for the realisation of ongoing development projects, for the acquisition of further real estate in accordance with the investment regulations and for the consolidation of its balance sheet structure.