Aug 2015

merlin properties

Co-lead Manager

€ 1 billion

Rights issue

Merlin Properties

Merlin Properties is one of the leading listed real estate companies in Spain

Existing shareholders subscribed for 99.74% of the offered shares with additional in over-subscription demand of 7x transaction size
Rights issue proceeds provide for partial funding for the acquisition of Testa Inmuebles en Renta SA
Kempen & Co acted as Co-Lead Manager in this transaction