The issue price represents a discount of 3.7% to the volume weighted average price (VWAP) of $2.1762 per unit for trades done on Wednesday.
It is also at the middle of the $2.043-$2.105 price range set out in the placement agreement.
The private placement was also five times covered and drew strong demand from new and existing institutional, accredited and other investors, it adds.
About $216.7 million will be used to partially finance the acquisition of the 94.9% stake in MAC Property Company B.V. and MAC Car Park Company B.V. which holds a 100% stake in the property known as Main Airport Center.
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See: CCT acquires 94.9% stake in Frankfurt office for $387 mil
DBS Bank and J.P. Morgan (S.E.A.) were joint bookrunners and underwriters for the placement.
