NOT FOR DIRECT OR INDIRECT DISTRIBUTION, PUBLICATION OR TRANSMISSION IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER COUNTRIES IN WHICH THE DISTRIBUTION OF THIS DOCUMENT IS UNLAWFUL.
- EUR 12.5 million placement volume within the framework of the public offer
- Inflowing funds will be used to further expand the property portfolio
Eschborn, 09 November 2020 – Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”) has placed within the framework of the public offer of its 5.50 % corporate bond 2020/2025 (ISIN: DE000A3H2TV6) around EUR 12.5 million with institutional and private investors. The inclusion of the bond in the stock exchange trading in the Open Market (Quotation Board) of the Frankfurt Stock Exchange takes place on 11.11.2020. The inflowing funds will be used for the expansion of the real estate portfolio, hence securing the planned next growth step in the further development of the property portfolio. In addition to an increase in the bond Noratis AG can rely on further financing alternatives for its medium-term growth.
During the 1st half-year 2020 Noratis AG acquired a total of 753 residential units and thereby extended its real estate portfolio, including properties already acquired but not yet recognised in its financial statements, to more than 3,400 units. The rental income increased following the strong expansion of the real estate portfolio during the first six months of 2020 by around 35 % to around EUR 8.0 million compared to the prior year period. A further significant development of the real estate portfolio is planned.
The anchor shareholder of Noratis AG is Merz Real Estate GmbH & Co. KG (Merz), which is part of the Merz Group. Merz has committed itself to invest equity funds up to a total amount of EUR 50 million in Noratis AG by the end of 2024, which will be available for the planned growth during the coming years.
As a portfolio developer, Noratis AG combines the advantages resulting from the portfolio property management of residential units in Germany, such as stable rental income, with the yield opportunities of real estate development, without incurring the typical risks of a project developer. Moreover, by focusing on affordable living space, Noratis AG operates in a market segment which is considered as hardly susceptible to economic cycles.
André Speth, CFO of Noratis AG: “Considering the current capital markets environment, we are satisfied with the placement of our bond. With the demand-driven inflow from the placement we can implement the next growth steps as planned. Moreover, we have further financing options available for the extension of our real estate portfolio.”
Noratis AG: 5.50 % corporate bond tradable on the stock exchange from 11 November 2020 onwards
Disclaimer
This publication represents neither an offer to sell nor an invitation to buy or subscribe to securities in any jurisdiction nor a securities prospectus within the meaning of Regulation (EU) 2017/1129 as amended (“Prospectus Regulation”). The public offer has ended and was made exclusively on the basis of a Securities Information Sheet which was published on the website of the company (www.noratis.de) in the “Investor Relations” section.
The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or the District of Columbia) or publications with a general circulation in the United States of America. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities in the United States of America. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ‘Securities Act’) and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.
This publication is only addressed to and directed at persons in member states of the European Economic Area (other than Germany) who are ‘qualified investors’ within the meaning of Article 2(e) of the Prospectus Regulation (‘Qualified Investors’). In addition, in the United Kingdom, this publication is being distributed only to, and is directed only at, Qualified Investors who (i) are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the ‘Order’), (ii) are high net worth entities falling within Articles 49(2)(a) to (d) of the Order, or (iii) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as ‘relevant persons’). Any investment or investment activity to which this publication relates is only available to and will only be engaged in with (i) in the United Kingdom, relevant persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, Qualified Investors. Any other persons who receive this publication in the European Economic Area (other than Germany) should not rely on or act upon it.
This publication is not an offer of securities for sale in Canada, Japan, Australia or South Africa.