Belgian retail property investment company Qrf is seeing strong demand ahead of its expected listing on Euronext Brussels on 18 December.
Belgian retail property investment company Qrf is seeing strong demand ahead of its expected listing on Euronext Brussels on 18 December.
QRF said that after the first four days of the subscription period its books are 'comfortably covered' and exceed the minimum offering size of €55.55 mln. The maximum offering size is €75.38 mln.
The subscription period started on 4 December. The shares are expected to be listed next week.
Qrf will use the net proceeds of the IPO, in combination with debt financing, to acquire a real estate portfolio with a fair value of €114.2 mln. The portfolio will generate €7.2 mln of annual rental income part of which will be used to refinance the existing debt of the acquired real estate companies.
