Rockcastle is pleased to announce that it has closed its book build announced, Thursday, 19 March 2015. The success bok build followed an announcement by Rockcastle to raise R1bn on Thursday morning.

The company said that in light of strong demand the amount of capital to be raised was increased to ZAR2 billion.

The equity raised will be utilised to fund acquisitions, including the recently announced acquisition of Solaris Centre in Opole, Poland and otherwise in furtherance of the Company’s investment strategies.

The Company has placed a total of 63 492 063 new Rockcastle shares with investors through its South African and Mauritian registers at an issue price per share of ZAR31.50 and USD2.57 respectively. 

The new Rockcastle shares are expected to list and trade on the JSE and the Stock Exchange of Mauritius from Wednesday, 1 April 2015.