Rockcastle Global Real Estate Company raises R2bn through accelerated book build

Posted On Friday, 20 March 2015 10:22 Published by
Rate this item
(0 votes)

Rockcastle Global Real Estate Company raises R2bn through a significantly over-subscribed accelerated book build.

Spiro Noussis

Rockcastle is pleased to announce that it has closed its book build announced, Thursday, 19 March 2015. The success bok build followed an announcement by Rockcastle to raise R1bn on Thursday morning.

The company said that in light of strong demand the amount of capital to be raised was increased to ZAR2 billion.

The equity raised will be utilised to fund acquisitions, including the recently announced acquisition of Solaris Centre in Opole, Poland and otherwise in furtherance of the Company’s investment strategies.

The Company has placed a total of 63 492 063 new Rockcastle shares with investors through its South African and Mauritian registers at an issue price per share of ZAR31.50 and USD2.57 respectively. 

The new Rockcastle shares are expected to list and trade on the JSE and the Stock Exchange of Mauritius from Wednesday, 1 April 2015.

Last modified on Wednesday, 22 April 2015 11:25

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.