Belgian property company Banimmo has fully placed the maximum amount of EUR 75 mln planned for its bond issue. 'Due to the strong demand created by its public offering of a five-year bond with warrants, the
subscription period has therefore been closed early, on 4 May 2010,' the company said.

The payment date of the bonds with warrants is set at 12 May 2010. Both bonds as warrants will be listed on Euronext Brussels.

Banimmo said on Tuesday that it intends to use the net proceeds of the offering to finance new acquisitions. The company is currently analyzing different investment projects, both in France and in Belgium, in order to increase its real estate portfolio above EUR 400 mln, from EUR 340 mln at present.

For this placement ING and Peterman have acted as joint-lead managers, KBC and Bank Degroof acted as co-lead managers.

Banimmo is active in the repositioning and redevelopment of commercial properties. The company is controlled jointly by Affine (50%) and the management (28.8%).