(Bloomberg) — Merlin Properties Socimi mentioned it should maintain a share sale to boost capital to fund the enlargement of its information heart enterprise.

The Spanish actual property firm will subject about 94 million new shares by way of an accelerated bookbuilding, representing about 20% of its share capital, it mentioned in a regulatory submitting Tuesday. The corporate has a market capitalization of €4.8 billion ($5.2 billion).

Shareholders Banco Santander and Nortia Capital, in addition to firm officers together with Chief Government Officer Ismael Clemente, will take part within the providing. 

Merlin presently has information facilities in cities together with Madrid, Bilbao, and Barcelona, based on its web site. 

Goldman Sachs and Morgan Stanley are appearing as joint world coordinators for the capital improve.