Colonial

- Colonial owns a €8.2 billion portfolio, specializing in the prime office market in Spain and France
- On 13 November 2017, shareholders with representation at the Board of Colonial had expressed their commitment to support any capital increase taking place in the course  of the simultaneously announced takeover bid for Axiare with up to €250 million at a price not lower than the volume weighted average price of the month prior to theannouncement of the transaction being €7.89 per share
- The acquisition of Axiare will increase Colonial’s value by €1.7 billion, reaching €10 billion in asset value. Post-transaction, the exposure to Spain, which currentlyaccounts for 31% of the value of Colonial's assets, will increase up to 42% of the total portfolio. The portfolio of the combined entity will have 58% of the value located in Paris, while the portfolio of offices in Madrid and the portfolio of assets in Barcelona will represent 27% and 10% respectively

- Equity placement of 52.8 million shares at €7.89 per share, with gross proceeds amounting to €416 million
- The accelerated bookbuild offering launched with a deal size of up to 42.8m primary shares, and on the back of investor demand, the deal size was upsized by 9.9m treasuryshares, enabling the company to optimize use of the amended Prospectus Regulation
- The offer price represented a 2.1% premium over the last closing price, made possible through significant support from existing shareholders

-Kempen was Joint Bookrunner in the €416 million equity issue by Colonial
- In 2017 Kempen has advised in Real Estate transaction in 10 different countries in Europe
- This transaction underpins our position being #1 in European Real Estate ECM in 2015-2017 
- Kempen has done €2.6 billion of Real Estate ECM transactions in Spain