ARTICLES LABELLED WITH TAG funding

Mitiska REIM has successfully closed its Merep 3 fund, exceeding its initial target by raising €310 million, which will give it a total investment power of up to €1 billion.

Hungarian property investor Faedra Group has successfully raised €17 million, with the proceeds set to finance the group's new local logistics-industrial developments in the coming years.

Property group NEPI Rockcastle has raised the equivalent of €143 million equity from its latest scrip dividend, corresponding to approximately 85% of the final dividend payment for 2022, while also completing a secured green financing of €200 million for a 5-year term with Erste Group Bank and Raiffeisen Bank.

Real estate investor and asset manager Adventum Fund Management's IPO is planned to take place before the end of 2023, Bloomberg reports. This could be the first IPO denominated in euros within the Budapest Stock Exchange (BSE). 

Marius Persenea, COO of Romanian developer Iulius, spoke with Property Forum about the macroeconomic picture of the country going into 2023 and the potential of regional cities to attract property investments on the medium and long term.

Estonia-based Bidrento, a start-up company that automates the management of rental properties, has secured €800,000 in a follow-up funding round to speed up the expansion to Poland.

Subsequent to the shareholders' decision in June 2021 to increase the company’s capital, GTC offered 55,000,000 O-series bearer shares. On the back of strong demand, the company eventually sold as many as 88,700,000 shares at PLN 6.40 per share, raising new capital of approx. €123 million. 

Péter Számely, Head of Real Estate Finance Department at Austrian mortgage bank HYPO NOE talked to Property Forum about the funding of COVID-resistant property assets and the growth potential of markets in Central and Eastern Europe.

Hungarian developer Infogroup has closed a successful bond issue as part of the National Bank of Hungary's (MNB) Bond Funding for Growth Scheme. During the rating procedure, the group was assigned BB- and the bond was rated BB. The funds raised through the bond issue will be used to carry out industrial property projects.

Romanian real estate developer One United Properties has announced a capital increase of up to €70 million. Following the General Meeting of Shareholders on 28 September, the capital increase was approved at a €380 million pre-money valuation and up to €450 million post-money valuation.