Today, the shares of HIAG Immobilien Holding AG (“HIAG Immobilien”) were traded for the first time under the “Standard for Real Estate Companies” of SIX Swiss Exchange, opening at CHF 76.00. This corresponds to a total market capitalization of around CHF 608 million.
The issued share capital of HIAG Immobilien now comprises 8,000,000 registered shares with a nominal value of CHF 1.00 per share. HIAG Immobilien issued 1,000,000 new registered shares in the offering as well as additional 700,000 treasury shares, thereby raising approx. CHF 129 million in gross proceeds. In addition to these shares placed by HIAG Immobilien, 847,500 registered shares were sold by existing shareholders in the base offering. With this, the total placement volume amounts to CHF 194 million (before exercise of the over-allotment option). Furthermore, existing shareholders have granted the underwriters an over-allotment option of up to 255,000 additional registered shares, which can be exercised within 30 days after the first day of trading in shares of HIAG Immobilien.
HIAG Immobilien is a leading Swiss property owner, manager and redeveloper of former industrial sites in attractive locations. Its real estate portfolio is broadly diversified both geographically as well as in terms of property usage. HIAG Immobilien's long-term business model is essentially based on sign- ing industrial, commercial and private tenants to extended lease agreements and on the long-term, increasing the value of former industrial and commercial sites thanks to its comprehensive experience and expertise in property redevelopment.
