Subscribe to industry newsletters

Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.

Greenbay and Resilient to buy two malls in Portugal

Property groups Greenbay and Resilient intend buying two Portuguese shopping centres for €219.25m. Each will pay half for a 50% stake, they announced on Thursday, 16 March.
Image source: www.forum-coimbra.com
Greenbay will fund its share by raising R650m through an accelerated bookbuild, it said in a separate statement on Thursday.

The two malls being bought are Forum Coimbra and Forum Viseu.

"Forum Coimbra, opened in April 2006, is the dominant regional mall in the Centro Region of Portugal. This 51,489m² modern, third-generation mall provides a comprehensive retail and entertainment offering over three levels, served by a structured car park. The mall has excellent transport links connecting it to both the city and the region," the statement said.

Forum Viseu opened in September 2005 with a gross lettable area of 18,705m².

Greenbay said the new shares to be issued would be offered on the JSE and Mauritian security exchange, with preference given to current investors.

Greenbay said the new shares would be credited as fully paid and be ranked on par with existing shares.

Greenbay also reserved the right to increase the share issue if it needed to and the proceeds would be invested in line with company policy, with some possibly covering the acquisition.

Greenbay is a Mauritian company that specialises in global real-estate development and is listed on the Stock Exchange of Mauritius and the JSE.

Source: BDpro
 


SOURCE

I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
Comment

Related

News