Geneba Properties N.V. is a European commercial real estate company, incorporated in 2013 and based in Amsterdam, the Netherlands. It manages a property portfolio consisting of long-term leased commercial real estate in Germany, the Netherlands and the three Baltic countries. Geneba's investment focus is on Corporate Real Estate assets which serve its tenants as operational basis. The main targets are logistical and light industrial buildings as well as office buildings in Germany, the Netherlands and Scandinavia. Geneba's shares are traded at NPEX. Geneba is subject to the supervision of the Dutch regulator AFM.
On 3 December 2014, Geneba Properties N.V. announced that it will commence a rights offering with maximum gross proceeds of €206.8 million. The rights offering is fully back-stopped, subject to certain conditions, by Geneba's largest shareholder Catalyst Coop.
Clifford Chance advises Geneba with regard to the rights offering and the negotiations with Catalyst Coop, including the structured back-stop commitment by Catalyst Coop.
The Clifford Chance team consisted of partners Dr. George Hacket (Banking & Capital Markets, Frankfurt), Thijs Alexander (Corporate, Amsterdam) and Marian Scheele (Funds, Amsterdam), counsels Barbora Moring (Banking & Capital Markets, Frankfurt) and Han Teerink (Corporate, Amsterdam) as well as senior associate Dr. Axel Wittmann (Banking & Capital Markets, Frankfurt).