Shares in property specialist Lübke Kelber AG launched on the stock exchange
- Successful completion of the cold IPO process with registration of the non-cash capital increase and change of name
- Transfer of the operating business to the listed DGI AG completed
- Three-member Management Board leads the new property holding company
- IPO secures new financing options and supports the expansion of the fast-growing asset and investment management business areas
Lübke Kelber AG (hereinafter referred to as "Lübke Kelber") has completed its IPO by contributing its operating business to the (inactive) Deutsche Geothermische Immobilien AG (hereinafter referred to as DGI AG). The contribution was made by way of a non-cash capital increase from authorised capital. Last Friday, the company's name was finally changed to "Lübke Kelber AG" and entered in the commercial register. The new shares issued as part of the transaction were subscribed by JFK Vermögensverwaltungs GmbH, the family office of main shareholder Jürgen F. Kelber, which remains the company's largest shareholder with over 91%. The newly named Lübke Kelber share will be traded on the primary market of the Düsseldorf Stock Exchange and on the Open Market of the Frankfurt Stock Exchange (ISIN: DE000A35JR33, ticker symbol: SZ50).
The IPO is not associated with a direct capital raising. However, the capital market presence increases the company's flexibility through additional financing options for realising its ambitious growth strategy. The new members of the Executive Board of Lübke Kelber AG are Marc Sahling and Steffen Schaack, the two current managing directors of Dr. Lübke & Kelber GmbH, as well as Christoph Charpentier, who will be appointed Chief Financial Officer on 1 January 2024 and has extensive capital market experience. Main shareholder Jürgen Kelber is moving from the management of the GmbH to the Supervisory Board of the AG.
Jürgen Kelber, Deputy Chairman of the Supervisory Board of Lübke Kelber AG: "In the current high-interest phase, it is crucial for us as an ambitious, growth-oriented property company to tap into alternative financing channels now. The IPO is therefore the right step at the right time to open a new chapter for the long-established Lübke Kelber Group. In recent years, we have expanded anti-cyclically, built up additional staff and expanded our regional footprint. We are now represented at six locations in Germany and, in addition to providing transaction advice, act in particular as a platform for international investors in the areas of asset and investment management."
About Lübke Kelber
Lübke Kelber is a diversified, medium-sized property specialist with over 55 years of market and property expertise. The company operates nationwide with more than 65 specialists and offices in Berlin, Frankfurt, Munich, Stuttgart, Düsseldorf and Dresden. As part of an international alliance centred around Gerald Eve LLP, the company provides its clients with global market access. Lübke Kelber's long-standing quality standards, coupled with continuity and reliability, guarantee clients a high success rate for sales mandates. In addition to transaction consulting in the residential and commercial real estate sector, Lübke Kelber also offers institutional investors a platform for asset and investment management in Germany.
More information at https://luebke-kelber-ag.de/
Contact Investor Relations / Financial Media:
IR.on AG
Frederic Hilke
0221-914097-0
Luebke-Kelber@ir-on.com