Student housing property company Xior announced it had raised approximately €134 million following the full subscription of its capital increase through a rights issue.
Net proceeds from the offer is estimated at €131.1 million which is to be used for growing the company's property portfolio.
Christian Teunissen, CEO, said "We wish to thank all of our investors for making this transaction a success once again. Following the successful IPO in December 2015 and the public capital increase in 2017, the completion of this transaction marks another very important milestone in the company's continuing expansion that allows us to continue our growth strategy with conviction."
Payment and delivery of the new shares will take place on 12 June 2018 with trading on Euronext Brussels expected the same day.