Clifford Chance advised the underwriters in connection with the capital increase of UBM Realitätenentwicklung Aktiengesellschaft, which consisted of two tranches with a total of 1,462,180 new shares placed to investors at a price of EUR 40 per share and total gross proceeds of EUR 58.5 million. Baader Bank and Erste Group acted as Joint Bookrunners and Joint Lead Managers.

The capital increase was structured with a pre-placement, a subscription rights offering and a rump placement. UBM is an Austrian headquartered real estate development group with a focus on three growth markets (Austria, Germany and Poland) and three asset classes (residential, office and hotel). The shares of UBM are traded on the Standard Market Continuous segment on the Vienna Stock Exchange.

The Clifford Chance team consisted of Partner Dr. George Hacket, Counsel Barbora Moring, Senior Associate Dr. Axel Wittmann and Associate Sarah Steece (all Banking & Capital Markets, Frankfurt).