Greenbay’s primary objective is investing and developing in diverse global real estate and infrastructure assets.
Direct real estate acquisitions are opportunistic and diverse with a focus on retail assets and potentially Class A logistics, industrial and warehousing. The Company seeks to invest predominantly in Europe targeting properties with strong sustainable income from high quality tenants with a strong likelihood of renewal of leases on expiry.
Physical infrastructure investments are focused on toll roads, ports and airports. Greenbay targets defensive, long durations assets with high barriers to entry that provide stable cash flows over time.
Listed investments are well diversified and include infrastructure and real estate securities with reasonable yields and growth outlooks.
As at 30 September 2017
|GROUP AND COMPANY|
|15,721,669,363 (2016: 7,475,000,000) ordinary shares of no par value|
|9,322,176,525 (2016: 4,920,833,333) ordinary shares at an average of approximately EUR 0,096 (2016: EUR 0,074) per share*||892,382,767||364,806,890|
|* transaction costs recognised as a deduction from equity in the current year amounted to EUR 1,43 million (2016: EUR 0,41 million)|
|Reconciliation of movement in issued shares during the year|
|Balance at the beginning of the year||4,920,833,333||15,234,790|
|Shares issued by way of scrip dividend||172,575,922||–|
|6 Dec 2016||56,962,424||–|
|14 Jun 2017||115,613,498||–|
|Shares issued by way of bookbuild||4,228,767,270||4,897,237,339|
|27 Nov 2015: shares issued under general authority at EUR 0,081 per share||–||9,765,210|
|8 Jun 2016: shares issued under general authority at EUR 0,069 per share||–||3,324,972,129|
|29 Sep 2016: shares issued under both general authority and vendor placement at EUR 0,095 per share||–||1,562,500,000|
|27 Mar 2017: shares issued under general authority at EUR 0,110 per share||1,324,503,311||–|
|12 Jun 2017: shares issued under both general authority and vendor placement at EUR 0,126 per share||620,000,000||–|
|22 Aug 2017: shares issued under both general authority and vendor placement at EUR 0,126 per share||2,284,263,959||–|
|Shares issued to MIL on 8 Jun 2016: shares issued under general authority at EUR 0,069 per share||–||8,361,204|
|Balance at the end of the year||9,322,176,525||4,920,833,333|