LONDON (PRWEB) September 19, 2020
Dawn Realty Limited (the “Company”) is pleased to announce that it has signed a Share Subscription Facility agreement ("SSF") with GEM Global Yield LLC SCS ("GEM"), part of the Global Emerging Markets Group.
GEM has agreed to provide €40 million to the Company in exchange for the Company’s common stock. Funds are available for 60 months, at the Company's discretion, for working capital. The Company has agreed to issue GEM warrants amounting to 10% of the Company’s undiluted share capital.
The Company will use the funds to strengthen its business of identifying land assets for re-development and re-positioning, accounting for local market conditions, improving return on investment and adding value to communities.
The Company’s core project, held through its wholly- owned subsidiary Dawn Asset Global Limited, is located 45 minutes outside of Venice, Italy. There, a 250,000 sq.m. commercially-zoned development project has a modern concrete 17,000 sq.m. outdoor pedestrian mall, that the Company is re-positioning into a fully serviced retirement village in three phases.
Italy’s “high rate of survival, combined with a decline in fertility, makes Italy one of the oldest countries in the world”: International Institute for Applied Systems Analysis (IASA), Aging Demographic Data Sheet 2018 (Luxenburg, Austria: IIASA, 2018). There is increased demand in Italy for retirement care, filling the gap left by smaller extended families, traditionally providers for eldercare in Italy, that are less able to care for the increasingly aging population.
Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world and has completed 370+ transactions in 70 countries. GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Its family of funds and investment vehicles provide GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPEs) and select venture investments. GEM’s private equity funds include the CITIC-GEM Fund (matured in December 2015), Kinderhook Industries (GP and LP non-voting stakes), GEM Global Yield LLC SCS, GEM India and VC Bank/GEM Mena Fund (GEM exited both its GP and LP stakes in these funds in 2015 and 2010, respectively).
About Dawn Realty Limited
Dawn Realty Limited is a real estate holding company investing in and re-developing land through understanding and applying geopolitical and macro economic trends, in local real estate markets. Land use needs evolve over time and the Company seeks under-performing land assets and applies different perspectives for re-development and then re-positions those assets for maximum growth.