Noerr advises Baader Bank and Commerzbank on capital increase at Deutsche Industrie REIT-AG

Noerr has advised the consortium banks Baader Bank and Commerzbank on a successful capital increase at Deutsche Industrie REIT-AG.

The capital increase against cash contributions was carried out using approved capital while excluding shareholders’ subscription rights. Using an accelerated bookbuilding process, a total of 2,916,318 new shares were placed with institutional investors as part of a private placement at a price of EUR €20.00 per new share; this corresponds to 10% of the previous share capital.

The capital increase generates around €58.3m in gross issue proceeds. The company will use the net proceeds to strengthen its equity base and finance further acquisitions and take advantage of acquisition opportunities, enabling it to continue its successful growth course in future. Deutsche Industrie REIT-AG specialises in the acquisition and management of light industrial properties.

Noerr already advised the company in the past on its successful IPO and other corporate actions.

Advisors to Baader Bank and Commerzbank: Noerr LLP

Dr Laurenz Wieneke, Dr Julian Schulze De la Cruz (joint team lead, both Capital Markets, Frankfurt)

Associates: Dr. Philip M. Schmoll, Thomas Thies (both Capital Markets, Frankfurt)