The company will offer 249 million ordinary shares at RON0.24 per share during March 6-19, 2026 period, with existing shareholders having pre-emptive rights. Any unsubscribed shares may be offered through private placement. Swiss Capital is acting as intermediary of the transaction.
The funds obtained will primarily fund the acquisition of an office building on Polona Street in capital city Bucharest, spanning 13,755 square meters, with an estimated value of EUR19 million and a projected yield of nearly 11%. The transaction is subject to standard conditions precedent.
“Through this capital increase, we are taking the first step in implementing Star Invest’s strategy to build a listed institutional real estate investment platform in Romania,” said David Canta, CEO of Star Invest. “Our objective is to gradually aggregate a portfolio of assets capable of generating consistent distributions and long-term value for shareholders.”
Separately, the company has proposed a gross dividend of approximately RON 0.039 per share for 2025 results, representing a yield of approximately 17% based on the current share price.