German real estate investor DIC Asset said on Monday that it plans to launch a capital increase to fund further growth. The company will issue more than 2.8 million new shares at a price of EUR 21.90 each, near to last Friday's closing price of EUR 21.94. The proceeds of about EUR 62 mln will be used to finance further acquisitions of real estate assets, the company said.
Principal Real Estate has acquired a stake in the Rome Cavour Hotel through a Separate Account Mandate.
