Branicks Group AG Announces Strategic Plans for Future Stability

Branicks Group AG has officially detailed a strategic reformation aimed at ensuring the company's long-term stability. Central to this strategy is gaining the overwhelming support of creditors for the restructuring of financial arrangements, alongside an extension of promissory note loans and bridge financing. The restructuring plan, which covers promissory note loans amounting to EUR 225 million due in 2024, received a 96% approval rate from lenders. This extension is now set to June 30, 2025.

Furthermore, an agreement with bridge financing lenders for a EUR 40 million immediate repayment and the extension of remaining finances amounting to EUR 160 million until December 31, 2024, demonstrates the company's dedication to maintaining financial stability. These measures are supported by corporate planning through to the end of 2026, showcasing Branicks Group AG’s commitment to operational efficiency and value generation, particularly in high-quality real estate.

Simultaneously, Branicks Group AG reported a liquidity boost of EUR 60 million following the transfer of a portfolio of eight properties, underscoring an improving real estate market. An upcoming change in the chairmanship of the Supervisory Board further indicates a strategic realignment. Branicks Group AG is set to disclose annual and consolidated financial statements for 2023 by April 30, 2024, offering further insights into the company's financial health and operational direction.