FCR Immobilien AG moves to Regulated Market with Heuking and issues capital increase

A team led by Dr. Thorsten Kuthe, Partner at Heuking Kühn Lüer Wojtek’s Cologne office, legally advised FCR Immobilien AG on a segment change from Scale to Frankfurt Stock Exchange’s Regulated Market (General Standard). The Heuking team also assisted FCR Immobilien AG in a related cash capital increase with subscription rights for existing shareholders and a public offering. That placement has now been completed. 

FCR Immobilien AG is an investor specializing in shopping centers and retail parks in Germany. It focuses on properties in promising secondary locations offering above-average return potential based on their locations. When opportunities arise, FCR further invests in the office, residential, and logistics asset classes. Currently, FCR Immobilien AG’s portfolio consists of some 90 properties with annualized annual net rents in excess of EUR 20 million. Tenants include well-known brands such as EDEKA, Netto, ROSSMANN, OBI, REWE, and NORMA. This year, FCR Immobilien AG intends to acquire properties for around EUR 160 million so that its existing real estate portfolio, which currently amounts to more than EUR 300 million, is set to experience another significant growth spurt. 

Counsel to FCR Immobilien AG
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead, Capital Markets),
Miriam Schäfer,
Sascha Beck (both Capital Markets), all Cologne