Public real estate investor Star Invest has launched a capital increase operation to raise up to €12 million following approval from Romania's Financial Supervisory Authority.
The company will offer 249 million ordinary shares at RON 0.24 per share during March 6-19, 2026, with existing shareholders having pre-emptive rights. Any unsubscribed shares may be offered through private placement. Swiss Capital is acting as transaction intermediary.
The funds will primarily finance the acquisition of an office building on Polonă Street in Bucharest, spanning 13,755 sqm with an estimated value of €19 million and projected yield of approximately 11%. The transaction is subject to standard conditions precedent.
"Through this capital increase, we are taking the first step in implementing Star Invest's strategy to build a listed institutional real estate investment platform in Romania," said David Canta, CEO of Star Invest. "Our objective is to gradually aggregate a portfolio of assets capable of generating consistent distributions and long-term value for shareholders."
Separately, the company has proposed a gross dividend of approximately RON 0.039 per share for 2025 results, representing a yield of approximately 17% based on current share price.
