French retail developer Altarea said on Wednesday it had raised EUR 375mln via a capital increase launched on 16 June 2008. 'In a bleak economic, financial and stockmarket climate, this result attests to the confidence of existing shareholders,' the company said in a statement. Over two million new shares were subscribed as part of the share issue at a price of EUR 170 per share.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
