Belgian listed real estate company Befimmo has announced it is issuing 3.7 million new shares to raise EUR 166.6 mln to bolster its financial position. The preferential rights issue is supported by Befimmo's main shareholder, Fortis Insurance Belgium, and associated companies, who will subscribe to 701,351 new shares for EUR 31.3 mln.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
