Business · Companies · 8 hrs ago
Espace Real Estate raises CHF 48.3 million in share issue
Swiss property company Espace Real Estate raised about CHF 48.3 million through a share issue.
It placed 241,413 new registered shares at CHF 203 each.
Demand exceeded the number of shares offered, and both anchor shareholders used all their subscription rights.
The company will add most of the net proceeds, about CHF 45.9 million, to its capital contribution reserves.
The new shares will qualify for dividends from the 2026 financial year.
They are scheduled to be delivered on 30 October 2026.
The funds give the company additional equity, while the source does not specify how it plans to use the money.
Espace Real Estate said it completed its share issue, raising about CHF 48.3 million in new equity.
The company issued 241,413 new registered shares at CHF 203 each.
The issue was significantly oversubscribed.
Both anchor shareholders exercised all their subscription rights.
Most of the net proceeds will go into capital contribution reserves, which will increase by about CHF 45.9 million.
- Who
- Espace Real Estate completed the share issue.
- What
- It raised about CHF 48.3 million by issuing 241,413 new registered shares.
- When
- The company announced the completion on Tuesday. The shares are due to be delivered on 30 October 2026.
- Where
- Not stated
- Why
- Not stated
This story does not have two clearly opposing sides.
Espace Real Estate announced that it had fully placed the share issue.
The new shares are due to be delivered.
- Funds raised
- About CHF 48.3 million
- New shares
- 241,413 registered shares
- Issue price
- CHF 203 per share
- Shareholder participation
- Artemis Real Estate Holding AG and the family of Dr. Christoph M. Müller exercised all subscription rights
- Capital contribution reserves
- Expected to increase by about CHF 45.9 million