WESTGRUND Aktiengesellschaft

Westgrund AG received financial commitment to replace bridge financing of 'Berlinovo'- Portfolio

(DGAP-Media / 27.11.2014 / 10:12)

Westgrund AG received financial commitment to replace bridge financing of
"Berlinovo"- Portfolio

- Group interest rate decreases to below 3%

- Almost 100% of owned properties are financed through German
Landesbanken

Berlin, 27.11.2014 - Westgrund AG received the finanical commitment to
replace the bridge financing of the "Berlinovo"-Portfolio. The Landesbank
Baden-Württemberg ("LBBW"), one of the most renowned Landesbanken in
Germany, provided financial commitment for the "Berlinovo"-Portfolio. As a
consequence, the obtained bridge financing for the "Berlinovo"-Portfolio
will be replaced by a final long-term financing at the end of the year.

Details of this loan will be fixed during the next weeks, valuing the loan
presumably in December 2014. As expected, the interest rate will be around
2.5% with a maturity of c. 7 years. The average interest rate of
Westgrund's credit portfolio will decrease to considerably below 3%. The
bridge financing provided by Barclays will be paid back at the same time.

"We look very much forward to working with LBBW. As expected, we reached
the next step for a successful integration of the "Berlinovo"-Portfolio",
says Sascha Giest, CFO of Westgrund AG.

BF.direkt AG Berlin and Stuttgart were supporting Westgrund AG on the
structuring and coordination side.


Contact:
WESTGRUND AG
Management board: Arndt Krienen, Sascha Giest
E-Mail: [e-mail]
Westgrund AG
Joachimsthaler Straße 34
10719 Berlin
Deutschland
Telephone:[phone]
Facsimile: [phone]

About Westgrund AG:

WESTGRUND AG is a real estate company based in Berlin. With a clear focus
on housing, the company buys, manages, and develops residential portfolios
with appreciation potential in various regions in Germany that are marked
by auspicious and sound micro-environments. The company takes an active
asset management approach to raise the value-add in sustainable ways. The
company's assets are concentrated in the Berlin metro area, Lower Saxony
and the region of Halle, Leipzig.


End of Media Release

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Issuer: WESTGRUND Aktiengesellschaft
Key word(s): Real estate

27.11.2014 Dissemination of a Press Release, transmitted by DGAP - a
service of EQS Group AG.
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Language: English
Company: WESTGRUND Aktiengesellschaft
Joachimsthaler Strasse 34
10719 Berlin
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.westgrund.de
ISIN: DE000A0HN4T3
WKN: A0HN4T
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, Stuttgart


End of News DGAP-Media
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