Noerr advises real estate developer Noratis on capital increase

Noerr has advised Noratis AG on a capital increase subject to pre-emptive rights. Noratis, a portfolio developer of residential real estate, achieved a gross influx of funds of around €15.3m from the capital increase.

With the capital increase the company has been able to place a total of 681,897 new ordinary bearer shares for an issue price of €22.50. The new funds will be used primarily to boost the firm’s further growth by buying additional real property. The capital increase was overseen by ICF BANK AG Wertpapierhandelsbank as sole global coordinator and sole bookrunner.

Advisors to Noratis AG: Noerr LLP

Dr Laurenz Wieneke, Dr Julian Schulze De la Cruz (joint lead, Capital Markets), Dr Matthias Geurts (Tax)

Associates: Dominique Stütz, Philip M. Schmoll (both Capital Markets), Bernd Bäumer, Franziska Zahoransky (both Real Estate, all Frankfurt)