Allen & Overy advises on Bankhaus Lampe and Commerzbank's capital raising for DIC Asset AG
Allen & Overy LLP has advised Bankhaus Lampe KG and Commerzbank AG as underwriters in connection with the rights issue of DIC Asset AG (DIC Asset) .
DIC Asset has used the capital increase to take over 94 percent of the UNITE property portfolio which includes 54 office and commercial properties, a portfolio with a market value of around 481 million euros . In addition, a rights issue over 16,652,932 shares with gross proceeds of approximately 100 million euros was undertaken. The proceeds will be used to optimize the portfolio financing and general corporate purposes.