EQS-News

Deutsche Konsum REIT-AG sells 14 retail properties / Proceeds from the sale will be used in full to repay financial liabilities - Seite 2

The proceeds from the sale are to be used in full to repay bank liabilities and to partially repay maturing bonds. This will significantly reduce the LTV ratio by several percentage points.

The Company is currently working on further selected sales, which will be carried out to streamline the existing real estate portfolio. The resulting liquidity will also be used to optimise the debt structure.

 

About Deutsche Konsum

Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a focus on German retail properties for everyday goods at established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local supply properties with the aim of continuous performance and the leveraging of hidden reserves.

The shares of the Company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.

Contact:

Deutsche Konsum REIT-AG

Mareike Kuliberda

Investor Relations

[e-mail]

[phone] - 533

 

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28.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	Deutsche Konsum REIT-AG
	Marlene-Dietrich-Allee 12b
	14482 Potsdam
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.deutsche-konsum.de
ISIN:	DE000A14KRD3
WKN:	A14KRD
Listed:	Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange
EQS News ID:	1869991