French business park specialist Silic has raised roughly EUR 175 mln through a six-year convertible bond issue undertaken to improve its financial structure and to help finance its development projects. The bonds, which are convertible in cash or shares, mature on January 1, 2017 and are structured as Ornane bonds, and can therefore be converted into new or existing shares.
Finnish real estate manager Sirius Capital Partners, through a recently formed affiliate, has purchased a portfolio of four residential buildings in Helsinki, Finland.
