FCR Immobilien AG’s Change From Scale To Regulated Market And Capital Increase

Heuking Kühn Lüer Wojtek assisted FCR Immobilien AG on the deal.

FCR Immobilien AG announced a segment change from Scale to Frankfurt Stock Exchange’s Regulated Market (General Standard). FCR Immobilien AG also announced a related cash capital increase with subscription rights for existing shareholders and a public offering. That placement has now been completed.

FCR Immobilien AG is an investor specializing in shopping centers and retail parks in Germany. It focuses on properties in promising secondary locations offering above-average return potential based on their locations. When opportunities arise, FCR further invests in the office, residential, and logistics asset classes. Currently, FCR Immobilien AG’s portfolio consists of some 90 properties with annualized annual net rents in excess of EUR 20 million. Tenants include well-known brands such as EDEKA, Netto, ROSSMANN, OBI, REWE, and NORMA. This year, FCR Immobilien AG intends to acquire properties for around EUR 160 million so that its existing real estate portfolio, which currently amounts to more than EUR 300 million, is set to experience another significant growth spurt.

The Heuking team was led by Dr. Thorsten Kuthe (Picture) and further included Miriam Schäfer and Sascha Beck.

Involved fees earner: Sascha Beck – Heuking Kühn Lüer Wojtek; Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Miriam Schäfer – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: FCR Immobilien AG;

Federica Tiefenthaler

Author: Federica Tiefenthaler