EPH European Property Holdings PLC announces Unaudited Interim Results for the Six Months to 30 June 2023 and appointment of Management Committee Members - Seite 3
- On 21 September 2023, the Group signed a Termination, Pay-Off and Security Release Agreement with UniCredit Bank Austria AG and a few days later made an early repayment of loans provided to its Austrian subsidiaries in the total amount of approx. EUR 150 million while realizing positive Swap values of approx. EUR 18 million.
OUTLOOK
- Despite the challenging market environment, EPH is optimistic about the future development of the Company and continues to see potential in the target European markets.
- EPH continues to focus on major European cities and core properties in prime locations, particularly in the office and hotel sec-tors. Demand for modern space in these segments remains strong and these asset classes have proven stable despite the cur-rent market environment challenges.
- The high-quality properties in the EPH portfolio meet high sustainability standards, as evidenced by the relevant certifications. ESG-compliant properties and spaces are playing an increasingly important role for both investors and users.
- EPH will carefully examine market opportunities and continue to position its real estate portfolio for long-term stability in income and value growth. For future acquisitions, the Company is targeting properties with green building certification of at least “Gold” to ensure a high sustainability standard across the portfolio.
The full Semi-Annual Results 2023, including the Interim Condensed Consolidated Financial Information (unaudited) for EPH is availa-ble on the company’s website:
https://europeanpropertyholdings.com/investors/reports.php
CONFERENCE CALL WITH THE MANAGEMENT
Please join management for a conference call to discuss EPH’s results for the six months to 30 June 2023 on
Tuesday, 3rd October 2023 at 10:00 a.m. (CET)
Dial in: +41 43 216 12 79
Phone Conference ID: 636901334#
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A presentation for the call will be posted on the company’s website shortly before the call: https://europeanpropertyholdings.com/
APPOINTMENT OF MANAGEMENT COMMITTEE MEMBERS
Following the recent resignations, the Board of Directors of EPH European Property Holdings PLC has appointed Anna Bernhart and Michalis Constantinides to the Management Committee of the Company effective as per 1st October 2023.
EPH European Property Holdings PLC is an investment company listed on SIX Swiss Exchange. Additional information on EPH
European Property Holdings PLC is available by contacting Anna Bernhart Tel: +41 44 503 5400 or at contact@europeanpropertyholdings.com.
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