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.
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).
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.
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").
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").
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.
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”).
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.
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.
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.
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.
At today’s Annual General Meeting of Shareholders (“AGM”) of Geneba Properties N.V. (“Geneba”) all agenda items have been approved.
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.
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.
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.
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.
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.
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.
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.
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.
At today’s Extraordinary General Meeting of Shareholders (“EGM”) of Geneba Properties N.V. (“Geneba”) all agenda items have been approved.
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.
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.
Today, Geneba Properties N.V. presents its financial results over the period 1 January 2015 until 30 June 2015.
During today’s Annual General Meeting of shareholders (AGM) of Geneba Properties N.V. all agenda items have been approved
Today, Geneba Properties N.V. presents its first annual report and financial statements since it became operational on 27 March 2014.
Today, Geneba Properties N.V. announces the departure of the companys CFRO Wibo van Ommeren.
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.
Geneba announces the acquisition of two new properties in Germany with a total leasable area of over 60,000m².
During the Extraordinary Meeting of Shareholders held today, the Management Board of Geneba presented to its shareholders the company’s growth strategy.
The shareholders of the European commercial real estate company, Geneba, today appointed Mr. Wibo van Ommeren as Chief Financial and Risk Officer.
Today Geneba publishes the agenda for the Extraordinary General Meeting of Shareholders ("EGM") dated 18 December 2014 to which all Geneba shareholders are invited.
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.
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.
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”).
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.
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.