Commercial property group Garbe plans Frankfurt listing: sources
05/22/2019
FRANKFURT (Reuters) – German logistics property group Garbe Industrial Real Estate is preparing for a Frankfurt stock market flotation in the autumn, hoping to benefit from a continued boom in Germany’s real estate market, people close to the matter said.
The company, which develops logistics facilities, warehouses and business parks in Germany and the Netherlands, is working with Deutsche Bank and JP Morgan on the listing, they added.
The Hamburg-based firm is expected to sell shares worth 300-400 million euros in a deal that may value it at around 700 million euros ($782 million), they said.
Garbe and the banks declined to comment.
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Home » Analysis & Comment » Commercial property group Garbe plans Frankfurt listing: sources
Commercial property group Garbe plans Frankfurt listing: sources
FRANKFURT (Reuters) – German logistics property group Garbe Industrial Real Estate is preparing for a Frankfurt stock market flotation in the autumn, hoping to benefit from a continued boom in Germany’s real estate market, people close to the matter said.
The company, which develops logistics facilities, warehouses and business parks in Germany and the Netherlands, is working with Deutsche Bank and JP Morgan on the listing, they added.
The Hamburg-based firm is expected to sell shares worth 300-400 million euros in a deal that may value it at around 700 million euros ($782 million), they said.
Garbe and the banks declined to comment.
Source: Read Full Article