Alantra acts as Co-Lead Manager in Merlin Properties’ Capital Increase

Jul 2024

Capital Increase

Value €920mn

Madrid – Alantra has acted as Co-Lead Manager in a €920mn capital increase for Merlin Properties (“Merlin”), a leading Real Estate Investment Trust (REIT) listed on both the Spanish (IBEX-35) and Portuguese stock exchanges.

Merlin specializes in acquiring and managing commercial real estate assets across the office, logistics, retail, and data center markets. With more than €11bn of Gross Asset Value distributed across different asset classes, Merlin aims to leverage structural trends in the European data center market to initiate the next stage of growth for the company.

As the only independent Spanish equity institution involved in a transaction with over 20 banks, Alantra leveraged its high-quality research capabilities to support extensive marketing efforts in the months leading up to the transaction. These efforts significantly contributed to a final book that was several times oversubscribed, attracting leading local and international investors.

André Pereira, Partner and Head of ECM at Alantra Equities, said: “This is a landmark transaction for both the Spanish Equities market and Alantra, marking our second completed transaction this year and reinforcing our position as the leading independent equity house in Spain. Our successful participation underscores the credibility of our equities franchise, particularly our research capabilities. Being the only independent equities house in a large syndicate of banks highlights the quality of our work in the Spanish equities market. We are very proud to have assisted Merlin Properties in this transaction, which will enable the company to become a leading player in the data center space.”