Corporate bond tap for Deutsche Konsum REIT-AG

Sector(s)
Consumer
Deal type
Debt Advisory
Date
November 2021
Countries involved
Germany

Client

The investment focus of Deutsche Konsum REIT-AG is on retail properties of daily needs in established micro-locations in regional and medium-sized cities in Germany

Deal

Capitalmind assisted Deutsche Konsum REIT-AG on the tap of EUR 10 million for the up to EUR 50 million long term private placement bond

Parties

Lead team

  • Torsten Aul

    Torsten Aul

    Partner Germany

About the deal

Founded in 2008 and a REIT since 2016, Deutsche Konsum REIT-AG sustainably invests in German retail properties with tenants of daily needs supplies in established micro locations away from top cities. With this strategy the company generates attractive, robust and income tax exempted yields which will be distributed as dividends.

Listed in December 2015 on the Berlin Stock Exchange and since March 2017 listed in the Prime Standard of Deutsche Boerse AG.

As of June 2021, the real estate portfolio comprises 174 properties with a commercial area of >1,000,000 m² and a portfolio value of EUR 1,000 million.

The tap of EUR 10 million with one institutional investor will be used for general corporate purposes and to accelerate growth.

Capitalmind supported the management and major shareholder Rolf Elgeti throughout the whole transaction and ensured a time-efficient process.

What we did

Capitalmind acted as sole advisor for the issuance of the financing:

  • Advising on the structuring of the transaction and coordination between the parties
  • Selection of suitable investors
  • Advising on the banking aspects of the transaction
  • Preparation and provision of all corporate bond documentation
  • Identification of the institutional investor and arrangement of the financing