Geneba
News releases


08
Sept
2017

Expiry of Offer Period

Amsterdam, 8 September 2017 – Geneba Properties N.V. (“Geneba”) announces that after the expiry of the Offer Period today, Frasers Property Investments (Holland) B.V. (“Frasers Property”) holds 99,4% of the depositary receipts (“DR”) in Geneba.

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30
Aug
2017

Half-year results 2017 of Geneba Properties N.V.

Amsterdam, 30 August 2017 – During the first six months of the year Geneba Properties NV (“Geneba”) was focused on the completion of the strategic alternatives process, resulting in the announcement on 15 April 2017 that an affiliated company of Frasers Centrepoint Ltd (“FCL”), being Frasers Property Investment (Holland) B.V. (“Frasers Property”), would acquire the 86.56% stake in Geneba held by Catalyst Coöperatief U.A. (“Catalyst”). This acquisition was completed on 5 July 2017 after obtaining the necessary consent and regulatory approvals. On August 4, 2017 Frasers Property launched a one-time all cash offer (“One-time Offer”) for the remaining 13.44% free float DRs at a price of € 3.74 per DR. This is the same price at which Frasers Property acquired the majority stake from Catalyst.

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29
Aug
2017

Shareholders of Geneba approve all agenda items during EGM

Amsterdam, 29 August 2017 – At today’s Extraordinary General Meeting of Shareholders (“EGM”) of Geneba Properties N.V. (“Geneba”) all agenda items have been approved.

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25
Aug
2017

Frasers Property achieves more than 95% of Depositary Receipts in Geneba

Amsterdam, 25 August 2017 - Geneba Properties N.V. (“Geneba” or the “Company”) today announces that its majority shareholder, Frasers Property Investments Holland B.V. (“Frasers Property”), has crossed the threshold of 95% of Depositary Receipts in Geneba (the “DRs”).

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11
Aug
2017

Geneba publishes agenda of EGM

Geneba Properties N.V. (“Geneba” or the “Company”) today announces that it will convene an Extraordinary General Meeting of Shareholders (“AGM”) on 29 August 2017 at 14:00 CEST.

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04
Aug
2017

Frasers Property launches One Time Offer

With reference to the press release dated 5 July 2017, Geneba Properties N.V. (“Geneba” or the “Company”) and Frasers Property Investments (Holland) B.V. (“Frasers Property” or the “Offeror”), an indirect wholly-owned subsidiary of Frasers Centrepoint Limited (“Frasers” or “FCL”), announce today that Frasers Property will make a one-time all-cash offer (the “One-Time Offer”) for all remaining issued and outstanding depositary receipts (“DRs”) of Geneba at the price of EUR 3.74 per DR.[1] This is the same price per DR at which Frasers Property recently acquired the 86.56% stake in Geneba from Catalyst RE Coöperatief U.A. (“Catalyst”).

 

Click here for: Investment Memorandum

 

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07
Jul
2017

Geneba acquires majority share in automotive logistics facility in Germany from Gutperle family office

Geneba Properties N.V. (“Geneba” or the “Company”) today announces that it entered into a conditional sale and purchase agreement to acquire 76.5% of the shares in an automotive logistics facility in Landau, from the Gutperle family office, which held this asset in a private partnership structure.

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05
Jul
2017

Frasers Property completes acquisition of Catalyst Coop's Depositary Receipts in Geneba

With reference to the joint press release of Geneba Properties N.V. ("Geneba"), Catalyst RE Coöperatief U.A. ("Catalyst Coop") and Frasers Centrepoint Limited ("FCL" or together with its subsidiaries, the “FCL Group”) on 15 April 2017, Geneba announces today that an affiliate of FCL, Frasers Property Investments (Holland) B.V. (“Frasers Property”), has completed the acquisition of 86.56% of Geneba's depositary receipts (the “Acquisition”).

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24
May
2017

Shareholders of Geneba approve all agenda items during AGM

The AGM adopted the financial statements for the financial year 2016. Over 2016 Geneba reported a net result of € 67.3 million (2015: € 30.2 million). Furthermore, Geneba’s Supervisory Board explained to the shareholders the essentials of the ongoing transaction between Geneba’s majority shareholder, Catalyst RE Coöperatief U.A., and Frasers Property International Pte Ltd., a wholly-owned subsidiary of Frasers Centrepoint Limited, which was previously announced on 15 April 2017. Please see Geneba’s website for further details.

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09
May
2017

Geneba publishes agenda of AGM

Geneba Properties N.V. ("Geneba") today announces that it will convene its Annual General Meeting of Shareholders ("AGM") on 24 May 2017 at 14:00 CEST.

 

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15
Apr
2017

Geneba Announces Completion of Strategic Alternatives Process

Frasers Property agrees to acquire Geneba for a cash consideration of approximately EUR 3.67 per depositary receipt.

Transaction includes sale of Catalyst's 86.56% stake in Geneba and intended all-cash offer by Frasers Property for 13.44% free float at an equal value per depositary receipt.

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30
Mar
2017

Annual Accounts 2016

Geneba Properties N.V. (“Geneba”), the real estate investment company invested in logistics and light industrial properties in Germany and in the Netherlands, published its 2016 results today. The full net results were € 67.3 million (2015: € 30.2 million), of which direct investment results (Funds from Operations) were € 41.2 million (2015: € 25.9 million) and indirect investment results were € 26.1 million (2015: € 3.6 million negative). 

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01
Mar
2017

Geneba enters into Sale & Leaseback Transaction with Bakker Logistiek Groep

Geneba Properties N.V. (“Geneba”) announced today the closing of its transaction with Bakker Logistiek Groep B.V. (“Bakker”) to acquire and lease back two properties owned and used by Bakker in the Netherlands. The properties are located in the municipalities of Tilburg and Zeewolde and include a total lettable area of 70,000 m2.

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30
Dec
2016

Geneba Properties Announces Results of Extraordinary General Meeting

Geneba Properties N.V. (“Geneba” or the “Company”) today announced the results its Extraordinary General Meeting of Shareholders (“EGM”) held in Amsterdam, on December 30, 2016.  At the meeting over 99.9% of shareholders approved an interim distribution for the year 2016 of approximately EUR 112 million, or EUR 1.15 per share, in cash to the holders of Geneba’s depositary receipts ("DRs").

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15
Dec
2016

Geneba Properties Proposes a EUR 112 Million Interim Distribution

Geneba Properties N.V. (“Geneba” or the “Company”) today announced that its management board (the "Management Board"), as approved by the Company's supervisory board (the "Supervisory Board"), proposes an interim distribution for the year 2016 of approximately EUR 112 million, or EUR 1.15 per share, in cash to the holders of Geneba’s depositary receipts ("DRs").

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01
Dec
2016

Geneba Properties Announces Exploration of Strategic Alternatives

Geneba Properties N.V. (“Geneba”) announces today that it has engaged Credit Suisse as its exclusive financial advisor to assist Geneba in exploring strategic alternatives.

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18
Nov
2016

Geneba Announces Sale of its Stake in the Infineon Headquarter Building in Munich

Geneba Properties NV (“Geneba”) announces today that it has sold its stake in MoTo Objekt Campeon GmbH & Co. KG (“MoTo”), which owns the Infineon headquarter building, to Infineon Technologies AG (“Infineon”). 

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18
Oct
2016

Geneba acquires portfolio of three light industrial properties in Germany for € 36.6 million

Geneba Properties NV ("Geneba") announces the acquisition of a portfolio consisting of three light industrial properties in Northwest Germany for a total price of € 36.6 million. Two of the three properties, in Münster and Brilon, had already been acquired in May 2016, while the third property, in Rastede, was closed end of September 2016. The acquired portfolio has a total lettable area of 40,000 m².

 

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24
Aug
2016

HALF YEAR REPORT 2016 GENEBA PROPERTIES N.V.

In the first six months of the year Geneba Properties NV (‘Geneba’) increased its Funds from continuing operations (‘FFO’) by 91% to € 20.5 million (€ 0.23 per share), compared to the first half of 2015. This growth is the result of property acquisitions and active asset management. In the first six months of the year Geneba acquired six German properties while formally closing the sale on the non-strategic Baltic assets. The value of the portfolio grew from € 706.3 million to € 785.1 million during the period. The Net Asset Value (‘NAV’) per share per 30 June 2016 is € 3.37. 

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09
Jun
2016

Geneba receives honourable mention at PIE Europe Property Awards

Geneba Properties N.V. (“Geneba”) was honoured at the Europe Property Awards, hosted by Properties Investors Europe in London on 7 June 2016. The jury awarded Geneba a high commendation in the category Listed Company / REIT of the Year.

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19
May
2016

Geneba Properties N.V. and LogProject Development GmbH continue to expand their partnership with another new logistics real estate project

The joint venture between Geneba and LogProject from Langenfeld is developing a distribution facility near the A57 motorway in Rheinberg for spare parts logistics of a world-renowned company.

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17
May
2016

Shareholders of Geneba approve all agenda items during AGM

At today’s Annual General Meeting of Shareholders (“AGM”) of Geneba Properties N.V. (“Geneba”) all agenda items have been approved.

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26
Apr
2016

Geneba publishes agenda of AGM

Geneba Properties N.V. (“Geneba”) today announces that it will convene its Annual General Meeting of Shareholders (“AGM”) on 17 May 2016 at 03:00 pm CEST.

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15
Apr
2016

2015 ANNUAL REPORT AND FINANCIAL STATEMENTS GENEBA PROPERTIES N.V.

Geneba Properties N.V. (“Geneba”), the real estate investment company focusing on logistic and light industrial in Germany and the Netherlands, made significant steps in its second year after becoming operational in March 2014.

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29
Mar
2016

Geneba successfully sold the Baltic property portfolio to a Joint Venture between Northern Horizon and Partners Group

Geneba Properties N.V. (“Geneba”) has successfully sold a property portfolio of 42 assets located in Lithuania, Latvia and Estoniato Laurus, a Joint Venture between Northern Horizon and clients of Partners Group, Switzerland.

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16
Mar
2016

Geneba acquires two new logistics developments in the south of Germany from greenfield development

Geneba Properties N.V. (“Geneba”) acquires two new, high quality logistics assets developed by greenfield development in Nürnberg and Achern, in the south of Germany. The transactions mark Geneba’s tenth and eleventh property acquisitions since January 2015. 

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08
Mar
2016

Geneba acquires German portfolio of distribution centres

Geneba Properties N.V. (“Geneba”) acquired a German light industrial portfolio from metaWerk AG. The assets are located in Leipzig, Chemnitz and Amberg and leased on a long term base to automotive suppliers and logistics enterprises. The transaction marks Geneba’s ninth acquisition since beginning 2015, following six acquisitions in Germany and two in the Netherlands.

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05
Feb
2016

Geneba acquires German light industrial asset north-east of Munich

Geneba Properties N.V. (“Geneba”) acquired a high quality automotive distribution and light industrial property north-east of Munich with economic transfer on 31 December 2015. The transaction marks Geneba’s eight acquisition since the Rights Issue, after five earlier acquisitions in Germany and two in the Netherlands. 

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21
Dec
2015

Geneba invests in key Dutch logistics asset in Venlo

Geneba Properties N.V. (“Geneba”) acquires a newly developed high quality logistics property in Venlo. Following last month’s acquisition in ‘s-Heerenberg Geneba now adds another key Dutch logistics asset to its portfolio.

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02
Dec
2015

GENEBA INVESTS € 60 MILLION IN DUTCH LOGISTICS ASSET

Geneba Properties N.V. (“Geneba”) acquires a logistics property in ‘s-Heerenberg for nearly € 60 million. This acquisition marks the largest single asset logistics transaction in the Netherlands this year.

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24
Nov
2015

SHAREHOLDERS OF GENEBA APPROVE ALL AGENDA ITEMS DURING EGM

At today’s Extraordinary General Meeting of Shareholders (“EGM”) of Geneba Properties N.V. (“Geneba”) all agenda items have been approved.

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23
Nov
2015

GENEBA INVESTS OVER € 200 MILLION SINCE DECEMBER 2014

Geneba Properties N.V. (“Geneba”) continues to implement its growth strategy by investing over € 150 million following its property acquisitions late last year of € 51 million.

 

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09
Nov
2015

Geneba nominates Tom de Witte as CFRO

Amsterdam, 9 November 2015. Geneba Properties N.V. (“Geneba”) today announces that it will convene an Extraordinary General Meeting of Shareholders (“EGM”) on November 24 2015 to approve of, among others, the intended appointment of a new Chief Financial and Risk Officer, Mr. Tom de Witte, and amendments to its Articles of Association.

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25
Aug
2015

HALF YEAR REPORT 2015 GENEBA PROPERTIES N.V.

Today, Geneba Properties N.V. presents its financial results over the period 1 January 2015 until 30 June 2015.

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13
May
2015

Shareholders of Geneba approve all agenda items during first AGM

During today’s Annual General Meeting of shareholders (AGM) of Geneba Properties N.V. all agenda items have been approved

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28
Apr
2015

2014 ANNUAL REPORT AND FINANCIAL STATEMENTS GENEBA PROPERTIES N.V.

Today, Geneba Properties N.V. presents its first annual report and financial statements since it became operational on 27 March 2014.

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28
Apr
2015

CFRO WIBO VAN OMMEREN TO LEAVE GENEBA

Today, Geneba Properties N.V. announces the departure of the companys CFRO Wibo van Ommeren.

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08
Jan
2015

Geneba completes rights issue raising fresh capital for extension of portfolio and strengthening financial position

Amsterdam, 8 January 2015 – Geneba Properties N.V. (“Geneba”) announces the successful completion of its rights issue that was announced on 3 December last year. 

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22
Dec
2014

GENEBA ACQUIRES OVER 60,000M² OF LIGHT INDUSTRIAL REAL ESTATE IN GERMANY

Geneba announces the acquisition of two new properties in Germany with a total leasable area of over 60,000m².

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18
Dec
2014

GENEBA PROPERTIES SET FOR GROWTH IN NORTHERN EUROPE

During the Extraordinary Meeting of Shareholders held today, the Management Board of Geneba presented to its shareholders the company’s growth strategy.

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18
Dec
2014

WIBO VAN OMMEREN APPOINTED AS CFRO OF GENEBA PROPERTIES

The shareholders of the European commercial real estate company, Geneba, today appointed Mr. Wibo van Ommeren as Chief Financial and Risk Officer.

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03
Dec
2014

Geneba invites shareholders for Extraordinary General Meeting of Shareholders on 18 December 2014

Today Geneba publishes the agenda for the Extraordinary General Meeting of Shareholders ("EGM") dated 18 December 2014 to which all Geneba shareholders are invited.

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03
Dec
2014

GENEBA PROPERTIES ANNOUNCES RIGHTS ISSUE OF €207 MILLION

Amsterdam, 3 December 2014 – Geneba Properties N.V. ("Geneba"), the European commercial real estate company, today announces it will commence a rights issue (the "Rights Issue"). Geneba is offering 74,397,740 new ordinary shares in its capital at an issue price of EUR 2.78 per share. The issue price is based on the net asset value per share as per the reviewed Interim Report 30 June 2014 and adjusted for the shares to be cancelled (EUR 3.16 per share). The issue price represents a 12% discount to this valuation.The proceeds of the Rights Issue, a maximum of EUR 206.8 million, will be used to strengthen the balance sheet and to further invest in the growth of the company.

 

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29
Aug
2014

FIRST INTERIM FINANCIAL RESULTS OF GENEBA PROPERTIES N.V.

First Interim Financial Results of Geneba Properties N.V.
Amsterdam, 29 August 2014, Geneba Properties N.V. (“Geneba”) presents its first interim financial results since it became operational on 27 March 2014. From that day until 30 June 2014 Geneba realized a positive, direct investment result of € 6.2 million, or € 0.20 per share. Updated property valuations have led to an indirect investment result of € -5.6 million, or € -0.18 per share. The NAV per share at 30 June 2014 is € 3.08.

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14
Jul
2014

GENEBA FURTHER INFORMS SHAREHOLDERS ON ADMISSION MEMORANDUM

Amsterdam, 14 July 2014 – Today Geneba Properties N.V. (“Geneba”) sent a supplemental letter to its shareholders further informing them on important sections of the Admission Memorandum it published on 7 July 2014. The letter supplements the shareholder letter Geneba sent on 7 July 2014 which explains certain developments since the new management of Geneba took office including revaluations of the property portfolio. Geneba decided to send the supplemental letter following questions of shareholders and comments from the Monitor of former Homburg Invest Inc., Samson Bélair/Deloitte & Touche Inc. in Canada (“the Monitor”).

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07
Jul
2014

START TRADING GENEBA SHARES

We are pleased to inform you that on 7 July 2014 trading in Geneba Properties N.V. (Geneba) shares starts on trading platform NPEX. In this regard Geneba publishes its Admission Memorandum, including audited financial statements as per the end of 2013. The Admission Memorandum and a summary in Dutch can be found on www.geneba.com and on www.npex.nl.

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28
Mar
2014

GENEBA PROPERTIES LAUNCHED AS NEW COMMERCIAL REAL ESTATE COMPANY

Amsterdam, 28 March 2014 - Geneba Properties N.V. (“Geneba”) today announces the launch of its business as a new European commercial real estate company. Geneba, based in Amsterdam, manages a property portfolio of €584 million, consisting of long-term leased commercial real estate (primarily office and logistics) located in Germany, the Netherlands and the Baltic states. Shares in Geneba will be admitted to trading at NPEX, the trading platform for SME companies.

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